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Busan to Invest Billions in Cinema Robotics

Busan to Invest Billions in Cinema Robotics

BUSAN, Sept. 18 (Korea Bizwire) — Government plans released on Monday have revealed it is likely that artificial intelligence-based robots will soon be assisting the making of movies at film studios in Busan. The Busan Metropolitan Government has announced it is investing 6 billion won from both the central government and city’s budget to revamp [...]

Nearly Half of SMEs That Focus on New Technology Face Difficulties from Regulations

Nearly Half of SMEs That Focus on New Technology Face Difficulties from Regulations

SUWON, Sept. 14 (Korea Bizwire) – A new survey has revealed that nearly half of small and medium-sized South Korean companies that focus on the new technologies such as smart health care and drones face difficulties due to ‘too many regulations,’ with the resulting economic damages estimated to reach 200 million won per company. The [...]

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]

KOTRA to Reinforce Big Bot to Help SMEs Make Inroads Abroad

KOTRA to Reinforce Big Bot to Help SMEs Make Inroads Abroad

SEOUL, Sept. 7 (Korea Bizwire) — The state promotion agency said Thursday it will reinforce the big data platform, providing consulting to small businesses seeking business opportunities abroad that was launched earlier this year. The Korea Trade-Investment Promotion Agency (KOTRA) introduced the KOTRA Big Bot, constructed from the words big data and robot, in May [...]

Doosan Group Taps Collaborative Robot Market

Doosan Group Taps Collaborative Robot Market

SEOUL, Sept. 6 (Korea Bizwire) — Heavy machinery and power equipment conglomerate Doosan Group said Wednesday that it is planning to enter the so-called collaborative robot market soon with a plan to start selling such robots next year. Doosan set up a robot-developing unit in 2015, which recently showcased four collaborative robot models. Rather than [...]

Samsung SDS Showcases Dialogue AI Platform for Biz

Samsung SDS Showcases Dialogue AI Platform for Biz

SEOUL, Sept. 5 (Korea Bizwire) — Samsung SDS. Co., an information technology arm of South Korea’s top conglomerate Samsung, on Tuesday launched Brity, a business-oriented artificial intelligence platform. The IT developer said Brity is capable of understanding natural languages, serving as what it calls an “intelligent secretary” that can carry out duties requested by a [...]

Korean Companies Turn to Virtual Reality for Marketing

Korean Companies Turn to Virtual Reality for Marketing

SEOUL, Sept. 1 (Korea Bizwire) — An increasing number of South Korean companies are using virtual reality in their marketing campaigns as the latest technology that allows people to thoroughly experience products online before purchasing has proven to improve customer satisfaction. VR technology has been increasingly popular in the mobile and desktop online shopping industry in [...]

Hwaseong to Host ‘K-City’ Autonomous Car Testing Site

Hwaseong to Host ‘K-City’ Autonomous Car Testing Site

SEJONG, Aug. 30 (Korea Bizwire) – A testing site named ‘K-City’, a virtual city where autonomous cars will be tested in real road settings in preparation for transportation of the future is set to be built in the city of Hwaseong in Gyeonggi Province next year. According to the Ministry of Land, Infrastructure and Transport [...]