SEOUL, Jan. 8 (Korea Bizwire) — The Korea Insurance Development Institute announced on January 7 that it has started developing a new assessment tool called ‘Automobile Repair Cost On-line Service-α’ (AOS-α). The system’s artificial intelligence (AI) will estimate vehicle repair costs by analyzing pictures of car wrecks caused by traffic accidents. The institute is planning [...]
SEOUL, Jan. 8 (Korea Bizwire) — Hyundai Motor Co. has outlined its future mobility strategies at the annual Consumer Electronics Show (CES) in Las Vegas, the company said Tuesday. At the world’s biggest technology show that will be open to the public from Jan. 8-11 (U.S. time), Hyundai Motor came up with three key words [...]
SEOUL, Jan. 7 (Korea Bizwire) – Naver Corp., South Korea’s dominant Internet portal and search engine, on Monday announced the global debut of its artificial intelligence (AI) and other breakthrough robotic technologies at an upcoming international exhibition. Naver will be showcasing its portfolio of 13 technologies for the first time at the Consumer Electronics Show [...]
SEOUL, Jan. 7 (Korea Bizwire) — Hyundai Motor Group’s ‘Silent Taxi’ project has been successfully completed, and will allow hearing-impaired individuals to drive safely by providing sound information with visual and sensory cues. The so-called ‘Silent Taxi’ was introduced on January 7, and is based on Audio-Tactile Conversion (ACT) technology. The ‘Silent Taxi’ features sensory [...]
SEOUL, Dec. 31 (Korea Bizwire) – Samsung Electronics Co. filed the largest number of patents related to self-driving cars in Europe, data showed Monday, far above traditional automobile manufacturers. According to the data compiled by the European Patent Office (EPO), the number of applications related to self-driving cars filed in Europe came to 3,998 in [...]
SEOUL, Dec. 24 (Korea Bizwire) — Video footage from closed circuit television shared via online networks is beginning to be used as baseline data for big data analysis, raising demand for related core technology as the world enters the 4th Industrial Revolution. To meet those needs, South Korean tech companies are actively applying for patents [...]
SEOUL, Dec. 23 (Korea Bizwire) — The supply of artificial intelligence (AI) speakers in South Korea is expected to reach the 8-million unit mark in the new year as the devices gain popularity, a report by a local digital media lab said Sunday. According to the findings by KT Group affiliate Nasmedia Co., some 40 [...]
SEOUL, Dec. 21 (Korea Bizwire) — The Ministry of Science and ICT (MSIT) announced on December 20 that it will hold a comprehensive 2019 business briefing session for private blockchain businesses on December 26 in collaboration with other government institutions. The main purpose of the briefing will be to go over the government’s investment in [...]
SEOUL, Dec. 20 (Korea Bizwire) — The South Korean government said Thursday it will work with information and communication technology companies to apply the 5G network in advanced production lines to create “smart factories.” A smart factory is a key concept in the fourth industrial revolution, and is based on an agile, automated manufacturing environment. [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. announced on Monday that it has developed the world’s first fingerprint recognition feature for automobiles. The company will first launch the system on the new Santa Fe, which will be introduced in China in the first quarter of next year, after which the feature will be [...]