SEOUL, Jan. 30 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, has developed a system that uses big data and Internet of Things (IoT) technology to anticipate signs of defects on subway trains. Condition Based Maintenance (CBM) uses IoT technology to analyze the operational data of trains and defect records collected by [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it has imposed a fine of 867 million won (US$740,000) on Google Limited Liability Corp. for violating local telecom laws in the operation of its YouTube Premium service. In a two-year investigation through December 2018, the Korea Communications Commission (KCC) found Google didn’t [...]
SEOUL, Jan. 14 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has signed a partnership with U.S.-based automotive voice recognition solutions provider Cerence Inc. to develop an in-vehicle infotainment (IVI) system. Under the deal, which was signed on the sidelines of Consumer Electronics Show in Las Vegas, Nevada, last week, LG and Cerence will [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s new robotic ball unveiled at the Consumer Electronics Show (CES) in Las Vegas, Nevada, is not a robot but an “interactional device,” since it can provide a better connected experience to users by controlling other smart electronics, a company executive said Tuesday (local time). Kim [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — South Korea’s No. 1 telecom company SK Telecom Co. on Tuesday signed a partnership with China-based electric vehicle (EV) maker Byton to develop an in-vehicle infotainment (IVI) system as South Korea’s leading mobile carrier taps deeper into the mobility sector. Under the deal signed at the Consumer Electronics [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) – Samsung Electronics Co. on Monday unveiled its new vision highlighting human-centered solutions as the South Korean titan introduced its latest achievements in future technologies like robotics, artificial intelligence (AI), 5G and internet of things (IoT) ahead of the Consumer Electronics Show (CES) here. Kim Hyun-suk, president and CEO [...]
SEOUL, Jan. 5 (Korea Bizwire) — LG Electronics Inc., a major South Korean tech firm, said Sunday it will joins hands with a Canadian startup to research and develop artificial intelligence (AI) technologies. Under the partnership with Element AI Inc., LG Electronics will collaborate in developing human-like algorithms that can be applied to various products [...]
SEOUL, Jan. 3 (Korea Bizwire) — They may not have eye-catching tech gadgets and high-end technologies, but a slew of South Korea’s major conglomerates, such as Hyundai Motor Co. and SK Innovation Co., are ready to showcase their solutions primarily in the mobility sector at the upcoming tech expo in the United States. While Samsung [...]
SEOUL, Jan. 2 (Korea Bizwire) — A recent study has revealed that one third of South Korean biotechnology companies have yet to make a single sale. According to a survey conducted by the Korea Biotechnology Industry Organization, 231 out of 786 biotech companies, or 29.4 percent, were in the pre-sales phase as of 2018. Even [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s science ministry said Sunday it will allocate 26.9 billion won (US$23.2 million) in 2020 to further expand the country’s innovative drone capabilities. Of the total, 13 billion won will be used to secure original technologies, with 6.7 billion won to go drones that make use of 5G [...]