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 [...]
SEJONG, Dec. 6 (Korea Bizwire) – South Korea will spend a total of 500 billion won (US$428 million) in the coming three years to foster the rapidly growing drone industry as a new growth engine for Asia’s fourth-largest economy, the trade ministry here said Tuesday. “The drone technology generates massive ripple effects on conventional industries, [...]
SEOUL, Nov. 21 (Korea Bizwire) – Samsung Electronics Co. said Monday it has sold more than 25,000 Gear S3 smartwatches in South Korea since it began selling the smartwatches at home on Nov. 11. Samsung unveiled the Gear S3 Frontier and S3 Classic in September, featuring a mobile payment function, longer battery life and built-in [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korean firefighters may soon start using drones in their search and rescue missions, while remote controlled drones may also help save lives by airlifting much needed medicine and other emergency supplies to people in areas often stranded by seasonal floods or heavy snowfall, the government said Thursday. One [...]
DAEJEON, Nov. 16 (Korea Bizwire) – Personal transport gadgets have grown increasingly popular in Korea in recent years, with more people riding devices like electric kick scooters or “wheels” either as a means of transportation or simply for recreational purposes. These electric machines grant mobility unachievable by conventional vehicles, and are easy to carry around, [...]
SEOUL, Nov. 7 (Korea Bizwire) – The latest product by Korean startup Luxrobo brings IoT to a whole new level. Unlike most IoT devices that come as a single complete product (i.e. robot vacuum), Luxrobo’s “MODI” allows users to turn electronics or household appliances of their choosing into IoT devices, using technology that the company [...]
SEOUL, Oct. 13 (Korea Bizwire) – In an effort to facilitate the rising need for drone experts in the military, the Korean army has decided to give preference to NCO applicants with either a major in drone-related fields or holding official UAV piloting licenses. “The Army Intelligence School (AIS) will supply teaching materials to colleges [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport (MOLIT) faced embarrassment during a parliamentary audit Tuesday when a report revealed that a large number of drones under its possession were from Chinese manufacturers. The MOLIT is among the government departments responsible for nurturing the domestic drone industry. According to MOLIT [...]
SEOUL, Sept. 26 (Korea Bizwire) – Recent military data has shown that with the increasing popularity of drones, their presence in the no-fly zone (P73A) covering Cheong Wa Dae is now threatening the security of one of Korea’s most important government facilities. Cheong Wa Dae (the Blue House), the equivalent of the White House in the [...]
BERLIN, Sept. 1 (Korea Bizwire) – Samsung Electronics Co. unveiled two new smartwatches which feature a mobile payment function, longer battery life and built-in GPS capabilities for emergency calls or texts. The Gear S3 Frontier and S3 Classic were made public in Berlin on Wednesday ahead of this week’s IFA trade fair, one of the [...]