WONJU, Jun. 25 (Korea Bizwire) — KT Corporation, South Korea’s largest telecommunications company, showcased a new emergency platform today that utilizes an unmanned aircraft and a drone to find survivors of natural disasters and other large-scale emergencies. The “Skyship” platform revealed at KT Corporation’s Wonju Campus includes an unmanned aircraft, a command, control & communications [...]
SEOUL, Jun. 25 (Korea Bizwire) — Korea Railroad Corporation or Korail, the country’s national railroad operator, announced that it has successfully created a system that alerts railway workers to bird’s nests on the tracks by transmitting relevant data to workers. According to Korail, the new system, based on artificial intelligence, can identify a magpie’s nest [...]
SEOUL, Jun. 21 (Korea Bizwire) — LG Uplus Corp. said Thursday it will release a new fan equipped with the Internet-of-Things (IoT) technology under cooperation with Shinil Industrial Co., a local appliance manufacturer. LG Uplus said the new IoT fan will connect to its “IoT@home” application, allowing users to easily activate and control the product. [...]
SEOUL, Jun. 21 (Korea Bizwire) — South Korean discount store chain operators said Thursday that they have increased their numbers of cashierless counters in an apparent move to cut costs and queuing times. E-Mart Inc., the country’s largest big-box chain operator, first adopted the system in January and said the number of stores with unmanned [...]
SEJONG, Jun. 20 (Korea Bizwire) — For the first time near the capital city of Seoul, a drone district is to be designated on a trial basis. The Ministry of Land, Infrastructure and Transport (MOLIT) announced yesterday that it is adding three more districts (Hwaseong in Gyeonggi Province, Gwangyang in South Jeolla Province and Seogwipo [...]
SEOUL, Jun. 14 (Korea Bizwire) — Starting at the end of this month, beef will be available through IoT-based vending machines for purchase by consumers. The measure is aimed at relaxing measures previously binding the livestock industry while helping consumers gain easier access to beef. When beef goes on sale at vending machines, consumers will [...]
SEOUL, Jun. 14 (Korea Bizwire) — Hyundai Motor is set to develop futuristic AI technology for self-driving cars by partnering with Chinese tech companies. At CES Asia 2018 in Shanghai, the largest electronics exhibit in Asia, the Korean carmaker announced a tech partnership with DeepGlint, a Chinese startup specializing in the field of artificial intelligence. [...]
SEOUL, Jun. 14 (Korea Bizwire) — Samsung Electronics Co. launched a new fund through its U.S.-based innovation strategy arm Samsung NEXT on Thursday, seeking to make investments in startups devoted to artificial intelligence (AI) technologies. Samsung NEXT said it has launched the NEXT Q Fund to invest in “early stage AI startups taking on grand [...]
SEOUL, Jun. 7 (Korea Bizwire) — South Korea will spearhead a project to develop a drug platform based on artificial intelligence (AI) and big data, the government said Thursday, in the latest effort to transform the country into a global biotech and medical industry hub. A total of four research centers and universities — the [...]
Earlier May, LG Electronics announced it had made equity investment in Acryl, a local AI startup. (Image courtesy of LG Elecs) SEOUL, May 29 (Korea Bizwire) – LG Electronics Inc. said Tuesday it plans to invest 53.6 billion won (US$49.67 million) in acquiring stakes in Robostar Co., a local robot manufacturing firm, as part of [...]