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KT’s AR Shopping Platform Named Innovative Service of the Month

KT’s AR Shopping Platform Named Innovative Service of the Month

SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., South Korea’s leading wireless and fixed-line services provider, said Monday its mobile shopping service using augmented reality (AR) technology placed first among dozens of global innovative services rated by a market consulting firm. The company’s AR Market, which allows users to look at AR videos of products [...]

WiFi Speeds at Smart Factories to Become Even Faster

WiFi Speeds at Smart Factories to Become Even Faster

SEOUL, Sept. 14 (Korea Bizwire) — The speed of WiFi offered in smart cities and smart factories across South Korea is about to get even faster. The Ministry of Science and ICT announced yesterday that it was reestablishing its criteria regarding new technologies following the Presidential Committee on The Fourth Industrial Revolution’s recent strategy to [...]

Paris Baguette Showcases Robots at its Bakeries

Paris Baguette Showcases Robots at its Bakeries

SEOUL, Sept. 11 (Korea Bizwire) — Paris Croissant Co., the operator of South Korea’s leading bakery chain, Paris Baguette, said Tuesday that it launched a test operation of robots at its outlets as local retailers accelerate their push for automation. According to the company, seven Paris Baguette outlets in Seoul began the two-month trial run [...]

S. Korea to Offer Trial Service of Machine-readable Regulation

S. Korea to Offer Trial Service of Machine-readable Regulation

SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog said Monday it will provide a trial service of machine-readable regulation that would help companies better comply with state rules. As one of the financial technology sectors, machine-readable regulation allows companies to better meet regulatory requirements and avoid hefty fines. Financial Supervisory Service Gov. Yoon [...]

Military Showcases High-Tech Training System Based on Virtual Reality

Military Showcases High-Tech Training System Based on Virtual Reality

SEOUL, Aug. 31 (Korea Bizwire) — The Korean army showed off firing exercises based on virtual reality and training exercises in augmented reality at the Korean Military Academy yesterday with 80 high-level military officials present at the demonstration session including Kim Yong-u, the Army Chief of Staff. Last year, the Korean Military Academy won a [...]

Big Data to Provide Optimal Solutions to Social Issues

Big Data to Provide Optimal Solutions to Social Issues

SEOUL, Aug. 24 (Korea Bizwire) — The government is pushing forth a new project that would utilize public big data to solve problems closely related to citizen livelihood, such as the optimal operational management of garbage trucks and designation of recharging facilities for electric cars. The Ministry of the Interior and Safety revealed yesterday that [...]

LG Electronics to Bolster Audio Biz Through XBOOM Brand

LG Electronics to Bolster Audio Biz Through XBOOM Brand

SEOUL, Aug. 20 (Korea Bizwire) — LG Electronics Inc. said Monday it plans to penetrate deeper into the global audio business with its XBOOM products made through collaboration with Britain-based Meridian Audio. The South Korean company, which released South Korea’s first radio in 1959, said it aims to become one of the leading audio brands [...]

China Beats America as Biggest Market for Samsung

China Beats America as Biggest Market for Samsung

SEOUL, Aug. 20 (Korea Bizwire) — China accounted for more than 30 percent of Samsung Electronics Co.’s overall sales over the January-June period, industry data showed Monday, emerging as the company’s largest market and outpacing the American continents for the first time. The South Korean tech giant, which posted sales of 83.9 trillion won (US$74.6 [...]