SEOUL, March 5 (Korea Bizwire) — South Korea said Friday it plans to invest 115.3 billion won (US$102 million) this year to study deeper into state-of-the-art aviation technologies as it vowed to spare no efforts to help local companies to overcome the new coronavirus pandemic. The announcement is in line with the country’s 10-year development [...]
SEOUL, March 4 (Korea Bizwire) – South Korea’s ICT ministry said Thursday it will commit 96.8 billion won (US$86 million) this year to bolster the local 3-D printing industry. Last year, the country laid out a three-year plan to acquire new technology and components in 3-D printing to boost local manufacturing. The government provided 98.6 [...]
SEOUL, March 1 (Korea Bizwire) — The demonstration of a ‘smart parking robot’ that features a combination of artificial intelligence (AI) and robot technology is set to begin in a suburb of Seoul. The opening ceremony for a smart parking lot was held on Friday in the city of Bucheon, Gyeonggi Province. The parking lot [...]
DAEJEON, Feb. 17 (Korea Bizwire) — The Korean Intellectual Property Office (KIPO) has developed an artificial intelligence (AI)-based trademark and design image search system and started using it for trademark and design examinations on Monday. Thus far, the patent office’s trademark and design reviewers had to rely on their naked eyes when browsing thousands of [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s internet-of-things (IoT) device subscriptions hit over 10 million last year on the back of growing use of connected cars and remote control services. As of the end of last year, the number of mobile connections to such devices stood at 10.05 million, up around 2 million from [...]
SEOUL, Feb. 9 (Korea Bizwire) — Doosan Mobility Innovation (DMI), a producer of portable fuel cell power packs, said Tuesday it has signed a deal with a Chinese robot maker to jointly develop hydrogen fuel cell-powered firefighting robots. Under the deal with CITIC HIC Kaicheng Intelligence Equipment Co., DMI will work together to establish sales [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea will invest 202.4 billion won (US$181.8 million) this year in virtual reality (VR) technology and devices to support the growth of the country’s digital content industry, according to the ICT ministry on Wednesday. The move comes after the government unveiled a broader interagency investment plan for the [...]
SEOUL, Jan. 29 (Korea Bizwire) — LG Electronics Inc. was the world’s second-largest supplier of telematics control units (TCU) last year, a report showed Friday, as the South Korean tech giant eyes to expand its presence in the fast-growing automotive system market. LG Electronics accounted for 18.4 percent of the global TCU shipments in 2020, [...]
SEOUL, Jan. 26 (Korea Bizwire) — Samsung Display Co., a major display maker in South Korea, said Tuesday it has developed a low-power consumption organic light-emitting diode (OLED) panel for smartphones. The affiliate of Samsung Electronics Co. said the latest OLED display reduces power consumption up to 16 percent compared with its previous smartphone panels. [...]
SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics Inc. on Wednesday said it plans to promote its smart factory push as the home appliance maker targets improving its productivity. LG announced it will spend 50 billion won (US$45 million) from February to set up a new home appliance product testing facility at its second factory [...]