SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Monday it will invest in Israeli technology startup MDGo to develop vehicles that automatically call an ambulance in the case of car accidents. Hyundai Motor’s investment centers on embedding the Israel firm’s advanced technologies in its next-generation vehicles, the [...]
SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics Co. has the third-largest number of patents related to artificial intelligence (AI), coming behind two U.S. tech giants, a report showed Friday. Microsoft Corp. has the most, with 18,363 AI-related patents as of January, followed by IBM Corp. with 15,046 and Samsung with 11,243, according to the [...]
SEOUL, May 31 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 carrier, said Friday it will invest 10 billion won (US$8.4 million) to create a wide range of augmented reality (AR) content based on its 5G network to attract more premium service users. As 5G networks can handle heavy data volume with little [...]
SEOUL, May 29 (Korea Bizwire) — The world’s first combination of the 5G next-generation mobile technology and autonomous driving will be publicly demonstrated in Seoul next month, officials said Wednesday. Indigenously developed self-driving cars operating with 5G will be unveiled to the public during an autonomous driving technology festival in western Seoul on June 22, [...]
DAEJEON, May 29 (Korea Bizwire) — Drivers on major expressways often visit rest areas when they are sleepy or in urgent need of a restroom. Since 2011, the Korea Highway Corporation (KHC) has built a total of 226 rest areas along the nation’s highways. However, it is true that some shelters are poorly equipped or [...]
SEOUL, May 28 (Korea Bizwire) — Three out of ten jobs are more than 70 percent likely to be replaced by job automation due to technological advances. According to a report released by the Korea Information Society Development Institute on Monday, 32 percent of the jobs have a 70 percent chance of being replaced by [...]
DAEJEON, May 23 (Korea Bizwire) — With virtual reality (VR) sports like screen golf becoming popular, related patent applications have surged. According to the Korean Intellectual Property Office on Wednesday, there have been 357 domestic patent applications in the field of VR sports over the past three years from 2016 to 2018, up 69 percent [...]
ANDONG, May 22 (Korea Bizwire) — North Gyeongsang Province announced that its project for a smart crosswalk safety system has been selected in a contest hosted by the Ministry of Science and ICT and the National IT Industry Promotion Agency. A consortium comprised of three agencies and businesses will carry out the project based on [...]
SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]
SEOUL, May 16 (Korea Bizwire) — The Army held a session to demonstrate the use of military drones, including suicide ones, on Thursday as part of efforts to improve its tactical operational capabilities by utilizing the latest technologies. During the session, the first of its kind, held in Icheon, south of Seoul, the Army presented [...]