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S. Korean YouTubers Masquerade as Detectives

S. Korean YouTubers Masquerade as Detectives

SEOUL, Aug. 12 (Korea Bizwire) — A new phenomenon in South Korea is attracting much attention as YouTubers who broadcast live on the Internet often discover crime scenes or help arrest suspects. Some even say that YouTubers act as quasi-police officers or private detectives when law enforcement agencies are not on the ball. YouTuber ‘KKongji’ [...]

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]

Artificial Intelligence to Compete with Legal Experts on Legal Review

Artificial Intelligence to Compete with Legal Experts on Legal Review

SEOUL, Aug. 8 (Korea Bizwire) — Legal specialists will compete with Legal artificial intelligence (AI) in conducting legal reviews of various contracts, raising the possibility of AI technology replacing humans in the field of legal affairs. The Korea Association for Artificial Intelligence and Law (KAAIL) and the Judicial Policy Research Institute will host a conference [...]

Gunsan Introduces Drones to Prevent Heat Illnesses Among Farmers

Gunsan Introduces Drones to Prevent Heat Illnesses Among Farmers

GUNSAN, Aug. 7 (Korea Bizwire) — The city of Gunsan in North Jeolla Province revealed on Tuesday that it is using drones to patrol farmland to detect any cases of heat-related illness. Drones are being deployed in the summer to locate farmers who are exposed to dangers of heat-related illnesses. If there are seniors working [...]

Hyundai Mobis Develops Camera System to Replace Side Mirrors

Hyundai Mobis Develops Camera System to Replace Side Mirrors

SEOUL, Jul. 21 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s largest auto parts maker, said Sunday it has developed a camera monitoring system that will replace side-view mirrors in next-generation vehicles. Three high-performance camera sensors inside the vehicle will not only increase driving safety by significantly reducing blind spots, and but also improve fuel [...]

Hyundai’s Commercial Vehicles to be Equipped with Advanced Driver Warning System

Hyundai’s Commercial Vehicles to be Equipped with Advanced Driver Warning System

SEOUL, Jul. 14 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Sunday that, starting from 2021, it will apply an advanced forward collision avoidance system to trucks and vans produced by Hyundai Motor Co. Hyundai Mobis has developed the driver state warning (DSW) system, which detects drowsy driving or lack [...]

Consortium Launches Blockchain-based Digital ID in S. Korea

Consortium Launches Blockchain-based Digital ID in S. Korea

SEOUL, Jul. 14 (Korea Bizwire) — A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones to provide a trustworthy and secure solution, they said Sunday. Samsung Electronics Co., three mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — [...]