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The Future of Banking is Paper-free

The Future of Banking is Paper-free

SEOUL, Oct. 31 (Korea Bizwire) — In the near future, blockchain technology will be incorporated into real estate databases, allowing users to gain access to relevant official documents without having to submit physical certifications. The Ministry of Land, Infrastructure and Transport and the Ministry of Science and Technology yesterday revealed plans to create a real [...]

N. Korea Ideal for Construction of Smart Cities, Seoul Scholar Says

N. Korea Ideal for Construction of Smart Cities, Seoul Scholar Says

SEOUL, Oct. 30 (Korea Bizwire) — North Korea is an ideal location for the construction of smart cities, a South Korean expert has said, proposing concrete measures to boost inter-Korean economic cooperation. Min Kyung-tae, a North Korea expert at the Seoul-based Yeosijae, Future Consensus Institute, said that it is very efficient to build smart cities [...]

ATM to Offer Services that Verify Customers Based on “Vein Matchmaking”

ATM to Offer Services that Verify Customers Based on “Vein Matchmaking”

SEOUL, Oct. 25 (Korea Bizwire) – Suhyup Bank announced yesterday that it was adopting a new service that allows customers to access their bank accounts via ATM by merely having the machines scan the veins in their palms. The banking service dubbed “Hands Up banking” is possible when customers are verified simply by presenting their [...]

Blockchain System May Help Tackle Kindergarten Irregularities

Blockchain System May Help Tackle Kindergarten Irregularities

SEOUL, Oct. 22 (Korea Bizwire) — In light of reports of widespread irregularities that have occurred at South Korean preschools, which have escalated into a serious social issue, one educational expert claims that incorporating blockchain technology into school operating systems may be much more effective at tackling the irregularities at private kindergartens, much more so [...]

Yuhan-Kimberly Launches Hi-Tech Diapers

Yuhan-Kimberly Launches Hi-Tech Diapers

SEOUL, Oct. 17 (Korea Bizwire) — Yuhan-Kimberly Ltd. announced Tuesday the release of the new Monit & Huggies Smart Baby Monitor that applies IoT technology to monitor baby diapers and other functions that assist childcare. Yuhan-Kimberly, in collaboration with Monit, a developer of smart baby monitors, launched the Huggies IoT Service on momQ, Yuhan-Kimberly’s online store, [...]

Naver Looks beyond Network Service, Targets ‘Living Environment’ Technology

Naver Looks beyond Network Service, Targets ‘Living Environment’ Technology

SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., on Thursday announced a business blueprint that moves beyond its existing online and network business and focuses on technology that is linked to the living environment. “The key technological strategy that Naver is pushing is living environment intelligence,” Song Chang-hyun, the company [...]

8 out of 10 People “Interested” in Virtual Reality Content

8 out of 10 People “Interested” in Virtual Reality Content

SEOUL, Oct. 8 (Korea Bizwire) — As a flood of theme parks and gaming centers featuring virtual reality (VR) content have been attracting customers, a new survey highlighting the interest in VR content by the mass public was published yesterday. According to the market research firm Embrain, 81.3 percent of 1,000 adult respondents between the [...]

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 [...]