SEOUL, May 16 (Korea Bizwire) — Drones have been gaining popularity in their application for a wide range of industries, including agriculture and manufacturing. They have become more reliable and capable of different tasks as technology has advanced. The Presidential Fourth Industrial Revolution Committee announced the establishment of an ‘Intelligence-based Forestry Disaster Management Strategy’ on [...]
SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]
SEOUL, May 13 (Korea Bizwire) — A string of global blockchain companies have recently entered South Korea to start their business, including startup Steemit Inc., industry sources said Sunday. The U.S.-based Steemit — founded by Ned Scott in 2016 — is a social networking website that uses its own blockchain-based rewards platform for publishers. The [...]
SEOUL, May 11 (Korea Bizwire) — In preparation for a new era of automated planes, the Korean Air Force will put forth a plan to develop a “Future Automated Aviation Center.” This is part of a plan by the Air Force to build its combat power through both manned and automated combat planes, rather than [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s top mobile messenger operator, Kakao Corp., said Friday it has installed artificial intelligence-recommended content on the first page of a portal website under its wing. Kakao, which controls Daum, the country’s No. 2 portal, said the recommendations tab was installed on the home page of Daum’s mobile [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s IT developer Samsung SDS Co. said Thursday it has bought stakes in U.S.-based graphics processing unit (GPU) virtualization solution provider Bitfusion Inc. Samsung SDS did not provide details of the deal, including the size of the shares acquired and price, citing business issues. The South Korean company [...]
SEOUL, May 10 (Korea Bizwire) — Samsung Electronics Co. is seeking to narrow its gap with Japanese rival Sony Corp. in the global image sensor market, industry watchers said Thursday, as the segment is set to post sharp growth down the road on rising demand from smartphones and security solutions. Industry tracker IC Insights estimated [...]
SEOUL, May 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Wednesday it aims to make inroads into the global automotive digital instrument cluster market to generate future growth. Hyundai Mobis, the auto component affiliate of Hyundai Motor Group, said it began production of 7-inch digital instrument clusters [...]
SEOUL, May 9 (Korea Bizwire) — E-Mart Inc., South Korea’s leading discount store chain operator, said it launched a test operation of a robot to provide automated concierge service to shoppers on Wednesday, as the company moves to strengthen its competitiveness in its offline distribution network with cutting-edge technologies. The proof of concept for the [...]
SEOUL, May 9 (Korea Bizwire) — LG Electronics Inc., which recently showcased the LG G7 ThinQ smartphone, plans to release a new smartwatch next month, seeking to accelerate efforts to revitalize its struggling mobile communication business, industry watchers said Wednesday. The new smartwatch would become the successor of the LG Watch Style released in March [...]