SEOUL, Jun. 25 (Korea Bizwire) — Naver LABS — a R&D subsidiary of South Korea’s dominant internet portal and search engine Naver Corp. — on Tuesday said it will develop a solution for a more precise and detailed map that is crucial for autonomous driving and automated environments. Under the road map, the R&D center [...]
SEOUL, Jun. 20 (Korea Bizwire) — A high-definition (HD) map service, containing three-dimensional (3D) spatial information essential for driving autonomous vehicles, is expected to be developed for highways across the country in the second half of the year. The government formed a “5G+ Strategic Committee” that is a government-private partnership and held its first meeting [...]
BUSAN, Jun. 18 (Korea Bizwire) — Busan’s local government is considering creating a special theme park by applying Internet of Things (IoT) technology to the city’s Gwangalli Beach. The port city’s Suyeong District reported on Monday that it has launched a service to establish a “smart city master plan” to innovate urban neighborhoods and create [...]
SEOUL, Jun. 18 (Korea Bizwire) — KT Corp., South Korea’s largest telecom firm, said Tuesday it will invest 500 billion won (US$422 million) by 2023 to develop cloud technologies based on its 5G network to create new business opportunities. KT said it will combine its 5G network and cloud expertise to launch convergence services, including [...]
BUSAN, Jun. 14 (Korea Bizwire) – SK Telecom Co., jointly with Busan’s Silla University, the 53rd Infantry Division of the ROK Army, and Hanbit Drone Inc., a drone solution firm, tested a newly developed system to counter illegal drones on Thursday. SK Telecom explained that it is South Korea’s first system ever created to detect, identify, track, [...]
SEJONG, Jun. 13 (Korea Bizwire) — The South Korean government plans to speed up the process of innovative growth by creating a multidisciplinary network that connects the platform economy, including artificial intelligence (AI), data, and hydrogen economies, with other industries. The government aims to first build the foundation for various platform economies and move on [...]
SEOUL, Jun. 13 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested in U.S. self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driving platform for models produced by [...]
SEJONG, Jun. 12 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport plans to organize the Construction Information System Innovation Task Force on Wednesday to introduce a new service that uses augmented reality (AR) technology to provide information on various buildings to the public. The task force will be headed by Kim Sang-mun, a [...]
SEOUL, Jun. 11 (Korea Bizwire) — A new Korean language model that can advance artificial intelligence (AI) services and searches has been developed for a wide range of applications, a state-run electronics institute said Tuesday. The system has an average 4.5 percent better processing and understanding capability compared with Google Inc.’s widely used Bidirectional Encoder [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s leading railway system and plant equipment maker, said Monday it will work with Hyundai Motor Co. to develop a hydrogen-powered train by 2020. Hyundai Rotem and Hyundai Motor are both affiliates of the country’s top automaker, Hyundai Motor Group. Under the partnership, Hyundai Motor [...]