SEOUL, Aug. 24 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) said Wednesday that its research team has developed a holographic camera capable of acquiring 3D information by integrating a mask with existing cameras. Holography involves generating 3D information by exploiting the interference phenomenon arising from the intersection of waves emitted [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korean digital health care startup HoneyNaps Co. said Monday its artificial intelligence-based sleep sensing software, Somnum, has won approval for sale from U.S. drug authorities. The U.S. Food and Drug Administration (FDA) granted Section 510(k) clearance, or premarket notification, to Somnum, demonstrating that the medical device is safe [...]
SEOUL, Aug. 17 (Korea Bizwire) — U.S. tech giant Google has invested a cumulative 118 billion won (US$87.9 million) to incubate nearly 500 South Korean startups and help them go abroad, a company official said Thursday. Google’s ChangGoo Program — launched in 2019 in cooperation with the Ministry of SMEs and Startups — is aimed [...]
SEOUL, Aug. 1 (Korea Bizwire) — South Korea’s IT industry is exploring ways to survive in a prolonged economic slump, with no clear signs of improvement in sight. The labor union of Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, recently held its first rally since its establishment in October 2018 as [...]
SEOUL, July 24 (Korea Bizwire) – Once regarded as a declining industry due to the gaming industry’s mobile transition and the COVID-19 pandemic, internet cafes, known as “PC bangs” in Korean, are now transforming into new cultural spaces through partnerships with the e-sports industry. E-sports team Nongshim Redforce launched an internet cafe brand called Redforce [...]
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 [...]