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IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]

S. Korea Introduces First Autonomous Rice Planter for Commercial Use

S. Korea Introduces First Autonomous Rice Planter for Commercial Use

SEOUL, May 16 (Korea Bizwire) — SK Telecom Co., in cooperation with Daedong Industrial Co., South Korea’s largest manufacturer of agricultural machinery, has developed an autonomous rice transplanter for commercial use. It is country’s first autonomous agricultural machinery to be commercialized using mobile communications technology. The autonomous rice transplanter follows the seedbed and plants rice [...]

S. Korea to Develop Radar Technology for Autonomous Driving and Indoor Navigation

S. Korea to Develop Radar Technology for Autonomous Driving and Indoor Navigation

SEOUL, May 16 (Korea Bizwire) — South Korea plans to develop cutting-edge smart radar technology that will enable autonomous driving sensors, indoor navigation, disaster management, and security. The Ministry of Science and ICT opened radio research centers in four locations including Seoul National University (SNU), Korea Advanced Institute of Science and Technology (KAIST), Pohang University [...]

Samsung SDI Eyes Overseas ESS Market amid Tepid Domestic Demand

Samsung SDI Eyes Overseas ESS Market amid Tepid Domestic Demand

SEOUL, May 16 (Korea Bizwire) — Samsung SDI Co. said Thursday it launched high-capacity energy storage systems (ESS) to expand its presence in the global market amid weak domestic demand over safety issues. The battery-making unit of Samsung Electronics Co. said it showcased its latest ESS technologies at ees Europe 2019, the world’s largest ESS [...]

S. Korean Lab Develops Power Chip That Can be Used in Future Electrical Devices

S. Korean Lab Develops Power Chip That Can be Used in Future Electrical Devices

SEOUL, May 15 (Korea Bizwire) — A South Korean research lab said Wednesday that it has developed a new power semiconductor that can be used in a wide range of next-generation electrical devices and power transmission systems. The new gallium trioxide chip has been tested to have a record-high “breakdown voltage” of 2,300 volts that [...]

S. Korean Research Team Uses AI to Develop Diagnostic Technology

S. Korean Research Team Uses AI to Develop Diagnostic Technology

SEOUL, May 14 (Korea Bizwire) — Artificial intelligence (AI) and deep learning technology are being incorporated to raise the accuracy of disease diagnosis. A research team from Seoul National University Bundang Hospital developed a technology to diagnose sinusitis using a deep learning algorithm that raises diagnostic accuracy. Sinusitis is inflammation of the mucous membrane that [...]

Financial Firms to Spend 585 bln Won to Adopt New Technologies

Financial Firms to Spend 585 bln Won to Adopt New Technologies

SEOUL, May 14 (Korea Bizwire) — South Korean financial firms plan to spend a total of 585 billion won (US$492 million) this year to adopt new technologies, such as artificial intelligence and big data analytics, data showed Tuesday. The planned spending reflects efforts by financial authorities to take deregulatory actions and cut red tape to [...]