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Korean Digital Security Startup Wins MassChallenge

Korean Digital Security Startup Wins MassChallenge

YONGIN, South Korea, Nov. 11 (Korea Bizwire) – Digital security startup EYL became the first Korean company to win a Diamond award at MassChallenge, the world’s leading startup accelerator program and competition held annually in Boston, Massachusettes.  EYL developed a chip-shaped device that generates micro random quantum numbers using radioisotopes, for digital security. The numbers [...]

Will Artificial Intelligence Take Away Human Jobs? Experts Say No

Will Artificial Intelligence Take Away Human Jobs? Experts Say No

SEOUL, Sept. 7 (Korea Bizwire) – The idea of robots replacing human jobs has long been a popular subject for debate and science fiction films. But amid recent advancements in AI technology, and concerns that some of these ideas may become reality, a recent report by the Software Policy & Research Institute (SPRi) submitted an [...]

Korea Hosts Creativity Battle between Mozart and Artificial Intelligence

Korea Hosts Creativity Battle between Mozart and Artificial Intelligence

SUWON, Aug. 10 (Korea Bizwire) – Humans have given machines yet another opportunity to triumph over their creators, this time in music composition. Emily Howell, an AI program that creates its own musical compositions, is challenging the indisputable classical period genius Wolfgang Amadeus Mozart on Wednesday night at the Gyeonggi Arts Center.  During the night’s [...]

Virtual Reality Café to Open in Gangnam

Virtual Reality Café to Open in Gangnam

SEOUL, July 22 (Korea Bizwire) – The Korea Virtual Reality (VR) Industry Association announced on July 21 that a new virtual reality café named ‘VR Plus Show Room’ will open on July 22 in Seoul’s most urbane business and shopping district – Gangnam. In order to promote the VR industry, ‘VR Plus Show Room’ will offer [...]

Korean IoT Market to See 38% Annual Growth, Reach ₩17 Trillion by 2020

Korean IoT Market to See 38% Annual Growth, Reach ₩17 Trillion by 2020

SEOUL, July 13 (Korea Bizwire) – According to a Hyundai Research Institute report entitled ‘The Trend of Promising Industries Related to Internet of Things (IoT)’ revealed on July 12, the global IoT market is expected to swell from $300 billion in 2015 to $1 trillion by 2020, with 28.8 percent annual growth. For South Korea, experts foresee [...]

‘Old’ Software Developers Struggle to Find Work

‘Old’ Software Developers Struggle to Find Work

SEOUL, July 12 (Korea Bizwire) – A recent study conducted by the Korea Institute for Industrial Economics & Trade revealed that although software developers or software-related personnel tend to work high-intensity hours in their 20s and 30s, they often retire early and end up with almost no work thereafter.  These workers, referred to as ‘software [...]

S. Korea Seeks to Boost Cybersecurity Startups in U.S.

S. Korea Seeks to Boost Cybersecurity Startups in U.S.

SEOUL, June 14 (Korea Bizwire) – The South Korean government said Tuesday it has begun a full-fledged campaign to help local cybersecurity startups operate in the United States.  The Korea Innovation Center (KIC) in Washington D.C. has agreed to team up with the MACH37 Cyber Accelerator, a Virginia-based agency specializing in supporting the launch of [...]