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 [...]
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 [...]
SEOUL, May 1 (Korea Bizwire) — Samsung has unveiled three new PCs on May 1, featuring the latest Intel 13th Gen Core processors. Among them is the Galaxy Book 3, which boasts a slim metal design akin to the Galaxy Book 3 Pro. Measuring only 15.4mm thick and weighing a mere 1.57kg, the device is [...]
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 [...]
SEOUL, April 13 (Korea Bizwire) — The Supreme Court ruled Thursday that Google Inc. must disclose the list of personal information it has shared with third parties, including United States intelligence. In 2014, four South Korean activists filed a lawsuit against the global tech giant and its local affiliate, Google Korea, demanding to know whether [...]