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Automotive Electrification Emerges as New Cash Cow for S. Korea’s Tech Firms

Automotive Electrification Emerges as New Cash Cow for S. Korea’s Tech Firms

SEOUL, May 2 (Korea Bizwire) — Instead of sluggish demand for products like TVs and semiconductors, South Korea’s major tech companies are finding a new cash cow in the automotive business. Harman International, an automotive electronics subsidiary of Samsung Electronics Co., recorded sales of 3.17 trillion won ($2.36 billion) and an operating profit of 130 [...]

New Material Can Self-heal Scratches on Autonomous Car Sensors

New Material Can Self-heal Scratches on Autonomous Car Sensors

DAEJEON, April 21 (Korea Bizwire) — A South Korean research team has developed a new material that can heal scratches on sensors in self-driving cars. This has some pretty significant implications, because signal distortion caused by scratches on sensor surfaces poses a significant risk factor for autonomous vehicle traffic accidents. Recognition errors or malfunctioning vision [...]

Samsung, Naver Unveil Ambitious Plans on April Fools’ Day

Samsung, Naver Unveil Ambitious Plans on April Fools’ Day

SEOUL, April 3 (Korea Bizwire) — South Korea’s two major tech giants pulled a prank for a bit of fun on April Fools’ Day. Samsung Electronics Co. on Saturday posted on its website that it had released the Galaxy S23 Bow-Wow Edition, the world’s first smartphone designed exclusively for dogs. This cream-colored smartphone can diagnose [...]

Number of Microsoft Bing Users Up Sharply in S. Korea: Data

Number of Microsoft Bing Users Up Sharply in S. Korea: Data

SEOUL, March 27 (Korea Bizwire) — Microsoft Corp.’s search engine Bing is enjoying global popularity on the back of its integration of Open AI’s technology, and South Korea is no exception, data showed Sunday. The nation’s search engine influx rate (market share in search) stood at 62.8 percent for Naver, 31.4 percent for Google and [...]

SpaceX Sets Up Subsidiary in S. Korea for Starlink Service

SpaceX Sets Up Subsidiary in S. Korea for Starlink Service

SEOUL, March 16 (Korea Bizwire) — U.S. space firm SpaceX has set up a subsidiary in Seoul to launch satellite internet services using Starlink here, industry sources said Thursday. SpaceX established Starlink Korea LLC on March 8, and Lauren Ashley Dreyer, SpaceX’s senior director of Starlink business operations, has been appointed as representative, according to [...]

S. Korean Websites Fully Restored After Chinese Cyberattacks

S. Korean Websites Fully Restored After Chinese Cyberattacks

SEOUL, Feb. 1 (Korea Bizwire) — Twelve South Korean websites attacked by a Chinese hacking group have been fully restored more than a week after the incident, officials said Wednesday. The Chinese attackers, identifying themselves as Xiaoqiying, hacked into the websites of 12 academic organizations and institutions on Jan. 22, including the Korea Research Institute [...]