SEOUL, March 16 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, on Friday named Yeo Min-soo and Joh Su-yong as its new co-CEOs. Kakao’s former CEO, Rim Ji-hoon will now act as the company’s advisor for future strategy, the company said in a press release. The decision was made at a board of directors’ [...]
SEOUL, March 14 (Korea Bizwire) — The South Korean government will introduce a new investment platform for scientific R&D from next year, in which technological, training, and policy support will be provided in the form of a comprehensive package. The new measure, which was deliberated and voted on by the Ministry of Science and ICT during [...]
SEOUL, Mar. 13 (Korea Bizwire) — “Train to Busan,” the Korean zombie thriller that was a commercial and critical success across Asia in 2016, will be remade into virtual reality programs, the movie’s overseas distributor said Tuesday. Contents Panda, the international sales arm of the movie’s investor-distributor Next Entertainment World, said it recently signed a [...]
SEOUL, March 8 (Korea Bizwire) – About 800,000 jobs are expected to be lost by 2030, in such areas as retail sales, driving, shipping and cleaning, due to technological advances driven by the fourth industrial revolution, a study showed Thursday. But the revolution is expected to create 920,000 more jobs in information and communication technology, engineering, healthcare, culture and arts, and other areas, the labor ministry study conducted jointly by state and civilian research institutes showed. The [...]
SEOUL, Feb. 28 (Korea Bizwire) — A state-run utility firm said Wednesday it will use drones to more efficiently manage coal yards and improve safety for workers as it steps up investment to adopt more unmanned systems in other power plants. The Korea South-East Power Co. demonstrated a drone flight at its coal power plant [...]
ULSAN, Feb. 7 (Korea Bizwire) — A South Korean research team has developed a new medical technology combining virtual reality and mirror therapy that can help alleviate pain for patients. According to Ulsan University on Wednesday, the research team led by professors Hwang Chang-ho and Koo Kyo-in has developed a new technology dubbed ‘enhanced reality’ [...]
SEOUL, Jan. 31 (Korea Bizwire) — Kakao has become the first South Korean AI developer to establish ethics guidelines concerning artificial intelligence technology. The South Korean IT giant on Wednesday announced the release of the Kakao Algorithm Ethics Charter, which includes a set of rules concerning discrimination against social groups and ethical data collection and transparency [...]
SEOUL, Jan. 30 (Korea Bizwire) – South Korea began a real-name trading system for cryptocurrencies Tuesday, banning the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering and other illegal activities. The real-name trading system is also part of the government’s latest measures to curb speculative investment [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Telecom has unveiled an air dome ‘igloo’ at Seoul’s City Hall ahead of the 2018 PyeongChang Olympics, bringing snow drifts and snowball fights to the heart of the South Korean capital. Packed with the latest IT technology including 5g networks and virtual reality, the major telecom provider’s entertainment-packed venue [...]
SEOUL, Jan. 29 (Korea Bizwire) – South Korea has tapped the country’s administrative hub of Sejong and the southeastern port city of Busan as test beds for the realization of smart cities, a presidential committee said Monday, as Asia’s fourth-largest economy searches for new growth engines. Various innovative technologies, ranging from autonomous vehicles to facial [...]