SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., on Thursday announced a business blueprint that moves beyond its existing online and network business and focuses on technology that is linked to the living environment. “The key technological strategy that Naver is pushing is living environment intelligence,” Song Chang-hyun, the company [...]
SEOUL, Oct. 8 (Korea Bizwire) — As a flood of theme parks and gaming centers featuring virtual reality (VR) content have been attracting customers, a new survey highlighting the interest in VR content by the mass public was published yesterday. According to the market research firm Embrain, 81.3 percent of 1,000 adult respondents between the [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., South Korea’s leading wireless and fixed-line services provider, said Monday its mobile shopping service using augmented reality (AR) technology placed first among dozens of global innovative services rated by a market consulting firm. The company’s AR Market, which allows users to look at AR videos of products [...]
SEOUL, Sept. 14 (Korea Bizwire) — The speed of WiFi offered in smart cities and smart factories across South Korea is about to get even faster. The Ministry of Science and ICT announced yesterday that it was reestablishing its criteria regarding new technologies following the Presidential Committee on The Fourth Industrial Revolution’s recent strategy to [...]
SEOUL, Sept. 11 (Korea Bizwire) — Paris Croissant Co., the operator of South Korea’s leading bakery chain, Paris Baguette, said Tuesday that it launched a test operation of robots at its outlets as local retailers accelerate their push for automation. According to the company, seven Paris Baguette outlets in Seoul began the two-month trial run [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog said Monday it will provide a trial service of machine-readable regulation that would help companies better comply with state rules. As one of the financial technology sectors, machine-readable regulation allows companies to better meet regulatory requirements and avoid hefty fines. Financial Supervisory Service Gov. Yoon [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s top mobile messenger operator Kakao Corp. said Tuesday that it will expand investment in an artificial intelligence (AI) sector in line with the company’s effort to find a new growth engine. “Kakao adopted AI to spearhead long term and stable growth in various services,” Kim Byung-han, an [...]
SEOUL, Aug. 31 (Korea Bizwire) — The Korean army showed off firing exercises based on virtual reality and training exercises in augmented reality at the Korean Military Academy yesterday with 80 high-level military officials present at the demonstration session including Kim Yong-u, the Army Chief of Staff. Last year, the Korean Military Academy won a [...]
SEOUL, Aug. 24 (Korea Bizwire) — The government is pushing forth a new project that would utilize public big data to solve problems closely related to citizen livelihood, such as the optimal operational management of garbage trucks and designation of recharging facilities for electric cars. The Ministry of the Interior and Safety revealed yesterday that [...]
SEOUL, Aug. 24 (Korea Bizwire) — Lee Sun-hee, a working mom of two preschool-age children in Seoul, shudders whenever new stories pop up about a child being left behind on a school bus for hours, and now she has decided to make her concerns heard. She recently joined an online petition to require all school [...]