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S. Korea’s IT Industry Relies Heavily on Hardware

S. Korea’s IT Industry Relies Heavily on Hardware

SEOUL, March 13 (Korea Bizwire) – South Korea’s information technology (IT) industry depends overwhelmingly on hardware, failing to keep pace with the global trend of focusing on software, a report said Monday.  According to the report by the Institute for Information & Communications Technology Promotion, software companies accounted for 15 percent of the total market [...]

Google Glass, GoPro, Panasonic Action Cam Compared on Operating Table

Google Glass, GoPro, Panasonic Action Cam Compared on Operating Table

SEOUL, March 7 (Korea Bizwire) – Using wearable devices during surgical operations is not yet a popular practice among South Korean doctors, but a team of local neurosurgeons recently proved the practicality of these devices in real-life operations, suggesting that they may possibly replace existing medical equipment in the near future.  The team, led by [...]

Dongbu Daewoo Succeeds with Localized Features on Home Appliances

Dongbu Daewoo Succeeds with Localized Features on Home Appliances

SEOUL, March 6 (Korea Bizwire) – Lockable refrigerators and special laundry cycles for local costumes, some of the unconventional product ideas tried by South Korea’s Dongbu Daewoo Electronics, have helped the company become a major hit in the Middle East, the firm’s officials said Sunday.  The fridges with locks, launched in 1998, have sold 2 [...]

Korean ICT Firms to Show Off New Technology at PyeongChang 2018

Korean ICT Firms to Show Off New Technology at PyeongChang 2018

GANGNEUNG, South Korea, Feb. 20 (Korea Bizwire) – With less than a year left before the PyeongChang 2018 Winter Olympics, officials have unveiled a handful of cutting-edge ICT (information and communications technology) innovations that will be implemented at the games.  KT Corp. the official telecommunications partner for the Olympic games, introduced an augmented reality navigation [...]

S. Korea to Deregulate AI, VR, Fintech Sectors

S. Korea to Deregulate AI, VR, Fintech Sectors

SEOUL, Feb. 16 (Korea Bizwire) – South Korea announced plans Thursday to ease regulations on three industries — artificial intelligence (AI), virtual reality (VR) and financial technology, or fintech — as part of the government’s aggressive deregulation drive to find a new growth engine.  The Ministry of Science, ICT and Future Planning reported a set [...]

Government Tightens Battery Inspection Regulations Following Galaxy Note 7 Probe

Government Tightens Battery Inspection Regulations Following Galaxy Note 7 Probe

SEJONG, Feb. 6 (Korea Bizwire) – Announcing the results of an investigation into the Galaxy Note 7 fiasco Monday – which backed Samsung’s ruling that the problem phones had faulty batteries – the government also introduced plans to improve safety measures to prevent similar catastrophes from recurring.  To begin with, lithium-ion batteries will be subject [...]

Samsung and LG Set the Tone in Home Appliance Color Trend

Samsung and LG Set the Tone in Home Appliance Color Trend

SEOUL, Jan. 30 (Korea Bizwire) – A shift in color trends for home appliances is playing out as the consumer electronics industry rushes to introduce increasingly dark toned products in the market. According to industry watchers, Korean tech giants Samsung and LG are launching new refrigerator and washing machines in black or metallic hues. Samsung [...]

More Patents for Protecting the Elderly

More Patents for Protecting the Elderly

DAEJEON, Jan. 24 (Korea Bizwire) – An increasing number of technology patents that might help guarantee health and safety improvements for single-person elderly households are being introduced.  According to the Korea Intellectual Property Office, the average annual number of such patents in the past five years (2012 – 2016) was 153, more than twice the [...]