SEOUL, May 26 (Korea Bizewire) — LG CNS Co., an IT service unit of South Korea’s LG Group, said Tuesday it has joined hands with a Canadian firm to develop blockchain-based ID system. LG CNS said it signed a memorandum of understanding with Evernym Inc. on establishing global standards for decentralized identifier (DID) service. The [...]
SEOUL, May 18 (Korea Bizwire) — Naver Corp., the operator of the country’s No. 1 internet portal, is moving fast to grab a share in the fast-growing online shopping segment with two different services that may eventually transform the portal operator into the so-called search-based marketplace. The new services also signal a seismic change in [...]
SEOUL, May 13 (Korea Bizwire) — South Korea has authorized limited delivery of packages and patrol services by robots as part of its ongoing efforts to boost innovation and create new business opportunities, the Ministry of Science said Wednesday. The latest delivery robot that can weigh upward of 450 kilograms with cargo will be operated [...]
SEOUL, May 12 (Korea Bizwire) — LG CNS Co., an IT service unit under South Korea’s LG Group, said Tuesday it has developed artificial intelligence (AI)-based X-ray screening technology that can help prevent data leakage at security-sensitive companies and institutions. LG CNS said its AI technology can better detect data storage devices, such as USB [...]
SEOUL, May 11 (Korea Bizwire) – South Korea on Monday opened its first exchange for financial data, the financial regulator said, in a move that could boost the data-driven economy. The exchange will serve as a key platform for buyers and sellers of financial, telecommunication and corporate data. It is meant to facilitate financial big [...]
SEOUL, May 11 (Korea Bizwire) — With a growing number of people focusing on virus-proofing their cars following the coronavirus outbreak, Hyundai Motor Group has developed solutions for disinfecting a car’s interior including the use of UV lights and the introduction of detachable seat covers. South Korea’s top automaker announced Sunday that it is introducing various [...]
SEOUL, May 6 (Korea Bizwire) — Global tech companies, which are making huge profits in South Korea, have been criticized for their behavior in the local market, by failing to comply with domestic policies or excluding the country from major services. Netflix Services Korea Ltd., the Korean unit of the U.S. streaming giant, filed a [...]
SEOUL, April 28 (Korea Bizwire) — Yonhap News Agency, South Korea’s top newswire, on Tuesday began providing weather articles utilizing artificial intelligence (AI) technology in partnership with leading gaming firm NCSOFT Corp. It marks the first time for a local news outlet to produce the automated articles using machine learning, a type of AI technology, [...]
SEOUL, April 27 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it is considering investing in an Israeli smart glass startup for cooperation in next-generation vehicles. Hyundai’s potential investment in Gauzy Ltd., which manufactures liquid crystal glass panels, known as smart glass, for use in a variety of industries [...]
SEOUL, April 20 (Korea Bizwire) — The coronavirus pandemic is propagating rapidly across the globe, boosting the popularity of so-called “untact” services, and promoting Fourth Industrial Revolution technology based on artificial intelligence. Many companies have been increasing spending on automation, including robot purchases, in light of the pandemic. The International Federation of Robotics estimates that [...]