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7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

SEOUL, May 17 (Korea Bizwire) – Nearly seven in ten companies in South Korea are not prepared for the fourth industrial revolution, which is reshaping many economies and industries with a range of new technologies, a new report revealed. According to the report released yesterday by the Hyundai Research Institute on the perception of the fourth [...]

Patents for Mirrorless Cars on the Rise

Patents for Mirrorless Cars on the Rise

DAEJEON, May 15 (Korea Bizwire) – Last year, South Korea lawmakers revised legislation related to vehicle parts standards, permitting cars to have their traditional wing mirrors replaced with camera monitoring systems. These so-called mirrorless cars are the imminent future of the automotive industry, and they’re much safer than conventional side view mirrors, offering a wider [...]

Augmented Reality Latest Trend in South Korean Retail Industry

Augmented Reality Latest Trend in South Korean Retail Industry

SEOUL, May 9 (Korea Bizwire) – Augmented reality is becoming one of the hottest trends in South Korea’s retail sector following the worldwide success of Niantic’s Pokémon GO, offering local consumers a unique yet more convenient shopping experience.  Last month, Hanssem, a leading home furnishing company, equipped its mobile shopping app with an AR service, [...]

South Korean Location-Based Services Market Growing Rapidly

South Korean Location-Based Services Market Growing Rapidly

SEOUL, May 8 (Korea Bizwire) – The location-based services (LBS) market in South Korea is growing at a rapid clip as industry forecasts predict a 70 percent increase in market growth this year. According to an industry report on the LBS market recently published by the Korea Internet Security Agency (KISA), demand has been growing for [...]

South Korean Scientists Develop Highly Adaptable Robotic Ankle

South Korean Scientists Develop Highly Adaptable Robotic Ankle

SEOUL, April 27 (Korea Bizwire) – A research team from the Daegu Research Center (Korea Institute of Machinery & Materials) has developed a highly advanced robotic ankle with what could be the world’s highest levels of torque.  According to Dr. Woo Hyun-soo, announcing the technology on Wednesday at the Gwacheon government complex, the device weighs [...]

Report Shows Korean Doctors Will Benefit from Fourth Industrial Revolution

Report Shows Korean Doctors Will Benefit from Fourth Industrial Revolution

SEOUL, April 25 (Korea Bizwire) – It seems like doctors’ jobs are safe amidst the emergence of the fourth industrial revolution, the latest data from the Korea Employment Information Service indicates.  According to the KEIS 2017 Korea Occupational Outlook published on Monday, most medical practitioners will benefit from Korea’s aging society and further government support [...]

Chungju’s Smart Farming Technologies Bear Fruitful Results

Chungju’s Smart Farming Technologies Bear Fruitful Results

CHUNGJU, South Korea, April 24 (Korea Bizwire) – Chungju, North Chungcheong Province, is making optimistic progress with its smart farm initiatives.  The city launched the project in 2015 by equipping a laboratory at the local Agricultural Technology Center with ubiquitous information technology (u-IT).  The horticulture lab, used mainly for plant research and production, can monitor [...]

New High-Tech Door Locks Feature IoT, AI Technology

New High-Tech Door Locks Feature IoT, AI Technology

SEOUL, April 21 (Korea Bizwire) – Smart door locks, incorporating artificial intelligence or Internet of Things technologies, are gradually emerging as the next big trend for security systems in South Korea.  According to the Korea Intellectual Property Office, the number of IoT door lock patent applications surged to 27 in 2014 and 48 in 2015. [...]

South Korea Sees More Patents for High-Tech Smart Gloves

South Korea Sees More Patents for High-Tech Smart Gloves

DAEJEON, April 20 (Korea Bizwire) – Patent applications for high-tech smart gloves are on the rise.  According to the Korea Intellectual Property Office, the number of smart glove patent applications quadrupled over the past five years (2012 to 2016) to an average of 17.8 per year from what was 4.6 patents between 2007 and 2011.  [...]

AWS Encourages More Companies to Use Cloud-Computing Service

AWS Encourages More Companies to Use Cloud-Computing Service

SEOUL, April 19 (Korea Bizwire) – The chief of Amazon Web Services (AWS) Korea, the local cloud-computing service affiliate of the U.S. retail giant Amazon Inc., encouraged more businesses Wednesday to successfully make use of the on-demand network to promote their operations.  “There is no need to worry whether to use or not to use [...]