SEOUL, May 8 (Korea Bizwire) — SK Telecom announced yesterday that usage of the new “My Q&A” function of “NUGU,” its AI platform, had increased 20 percent within a month of its release. The function, which was initiated in March, allows users to register their own questions and answers. The AI service gives out the [...]
SEOUL, May 4 (Korea Bizwire) — The Korea Exchange announced Thursday that it has initiated a new market surveillance system based on artificial intelligence. The main bourse operator said the construction of the new system, EXIGHT, was complete and a kickoff celebration was held the same day. EXIGHT is a portmanteau of the words “exchange” [...]
SEOUL, May 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday it has partnered with Facebook to help the U.S. social media giant test augmented reality. Earlier in the week, Facebook announced it will test a new feature in Facebook Messenger that will let users message companies to see [...]
SEOUL, May 2 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has invested 1 billion won (US$934,000) in the South Korean startup Acryl, which specializes in the development of artificial intelligence technologies. Under the deal, LG acquired a 10 percent stake, or 336,000 shares in the venture firm. Established in 2011, Acryl focuses [...]
SEOUL, May 1 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it agreed to supply its light-emitting diode (LED) display solution to a major Mexican theater chain last week, speeding up efforts to promote global sales of its premium cinema screen. The company said it signed the agreement with the Mexico-based theater chain Cinemex on [...]
SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Monday it aims to expand its light-emitting diode (LED) lighting product portfolio by releasing products that emit less blue light, which is easier on the human eye. The South Korean consumer electronics giant has showcased 14 different new products for commercial use under the brand [...]
SEJONG, Apr. 26 (Korea Bizwire) — The city of Goyang will utilize drones for neighborhood patrol and fire inspections according to a new plan unveiled by the Ministry of Land, Infrastructure and Transport on Wednesday. The Ministry stated that the planned trials will be executed in the areas surrounding Hwajeong Subway Station in Goyang. The [...]
SEOUL, Apr. 26 (Korea Bizwire) — The South Korean government will invest nearly 19 billion won to develop augmented reality platforms over the next three years. The Ministry of Culture, Sports and Tourism announced plans for a number of major technology research projects worth 18.7 billion won on Monday, including AR platform development, support for blockchain-based [...]
DAEJEON, Apr. 25 (Korea Bizwire) — South Korea has cut short the patent application process for a number of technologies that are part of the so-called ‘Fourth Industrial Revolution’. The Korean Intellectual Property Office (KIPO) launched a fast track today for patent applications for a select few technologies including 3D printing, self-driving, big data, cloud computing [...]
SEOUL, April 24 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Tuesday it has developed an advanced suspension system that helps reduce the body lean of cars during cornering. The company said five years of work went into its electrical Active Roll Stabilization (eARS), which not only improves handling on turns but also [...]