SEOUL, June 26 (Korea Bizwire) — Quantum Korea 2023, the largest international event on quantum technology in Korea, took place at Seoul’s Dongdaemun Design Plaza (DDP). Companies and research institutes exhibited their quantum advancements, including IonQ’s ion-trap quantum computer, the IonQ Forte. IBM unveiled a 433-qubit superconducting chip and introduced a quantum ecosystem project. Major [...]
SEOUL, June 8 (Korea Bizwire) — Hospitality solution provider Yanolja Cloud Pte. is seeking to achieve “digital transformation” of the global travel and leisure industry with its solutions, a senior executive has said. Yanolja Cloud, the tech affiliate of South Korea’s leading booking platform Yanolja Inc., has been working to expand its business abroad, providing [...]
SEOUL, June 5 (Korea Bizwire) — The government will provide various incentives to facilitate the decentralization of data centers, currently concentrated in South Korea’s capital area, officials have said. Under the newly authorized detailed enforcement regulations by the Ministry of Trade, Industry, and Energy, newly built data centers in non-capital areas, supplied with 22.9-kilovolt power, [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to approve Microsoft Corp.’s takeover of Activision Blizzard Inc. as the deal is unlikely to hinder competition in the Korean gaming market. The review came amid concerns that Microsoft, which has the Xbox console business under its wing, may disrupt [...]
SEOUL, May 25 (Korea Bizwire) – Samsung Electronics Co. intends to invest 30 billion won (US$22.7 million) over the next three years to support the establishment and upgrading of smart factories for small- and medium-sized enterprises (SMEs). The company announced on Wednesday that it will launch the Smart Factory 3.0 project, aimed at transforming SMEs’ manufacturing facilities [...]
SEOUL, May 25 (Korea Bizwire) — South Korean tech giant Kakao Corp. said Wednesday it will join RE100 and transition to 100 percent renewable energy by 2040. RE100 is a global corporate initiative designed to shift energy use to renewable sources as a way to respond to climate change and other environmental issues. Kakao plans [...]
SEOUL, May 23 (Korea Bizwire) — Grand InterContinental Seoul Parnas, a luxury hotel in southern Seoul, offered a special service for guests who stayed in its rooms on the 21st floor from February to April. Under the “Explore New Sleep” package, the rooms’ mattresses were equipped with a sleep sensing software, named Somnum, developed by [...]
SEOUL, May 19 (Korea Bizwire) — SK C&C, an IT service unit of South Korean conglomerate SK Group, said Thursday it had signed a deal with Recycle Ledger, a local venture firm, to operate a recycling resource tracking service. The partnership aims to support Recycle Ledger’s waste cooking oil data tracking service using SK C&C’s [...]
SEOUL, May 11 (Korea Bizwire) — Jaroslaw Kutylowski, founder and CEO of the neural machine translation service provider DeepL, has said demand for Korean language on the global stage is growing larger and faster amid the rising presence of the world’s fourth-largest economy in the time of artificial intelligence (AI)-led digitalization. “There is going to [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]