SEOUL, Oct. 18 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport and the National Geographic Information Institute on Monday unveiled high-precision satellite images and the process of making high-precision maps. Drones play an important role in land surveying. The introduction of exclusive drones mounted with high-resolution cameras has contributed to improving both precision [...]
SEOUL, Sept. 21 (Korea Bizwire) – H20 Hospitality Ltd., a tech-based hospitality management startup, said Wednesday it has partnered with cloud service management company Bespin Global Co. to cooperate in operating digital solutions for smart city projects in Vietnam. The hospitality tech company said it signed a memorandum of understanding (MOU) with Bespin Global Vietnam [...]
SEOUL, Sept. 13 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has chosen nine startups that could lead the tech company’s future growth in digital health, metaverse and electric mobility. LG’s San Francisco-based North American Innovation Center wrapped up its two-day Fall Innovation Festival last week, where it announced nine most-promising startups in the [...]
SEOUL, Sept. 1 (Korea Bizwire) — The Korea Institute of Energy Research said Wednesday that it has developed an innovative heat exchanger that can store the cold of the winter under the ground and use it later for the cooling of farm greenhouses during the summer. The new heat exchanger is based on the concept [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major advertising agencies are ramping up non-fungible token (NFT) ventures in a bid to develop new growth engines. Cheil Worldwide Inc., the advertising arm of Samsung Group, said Thursday it had signed a memorandum of understanding with U.S.-based NFT marketplace CYPHRLY, a subsidiary of South Korea’s leading [...]
SEOUL, Aug. 25 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has successfully wrapped up a project with the Bill & Melinda Gates Foundation to develop a prototype toilet for the world’s poorest communities. The South Korean tech giant held a closing ceremony at Samsung Advanced Institute of Technology (SAIT), its research and development [...]
DAEJEON, Aug. 22 (Korea Bizwire) – The Korea Advanced Institute of Science and Technology (KAIST) said it has developed an innovative system that can create moving 3-dimensional shapes simply with digital pen drawings and multi-touch motions. The KAIST research team succeeded in designing and realizing intuitive multi-touch motions, enabling designers to manipulate 3D sketches just [...]
SEOUL, Aug. 19 (Korea Bizwire) — Motional, a joint venture between Hyundai Motor and Aptiv, announced that it will launch an IONIQ 5 electric vehicle-based self-driving robotaxi service in Las Vegas in collaboration with ride-sharing platform Lyft. The IONIQ 5 robotaxi is mounted with Level 4 self-driving technology. A Level 4 autonomous vehicle means the [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s financial watchdog said Thursday it has asked law enforcement authorities to investigate 16 foreign digital asset exchange operators for their unreported business activities. Those operators subject to investigation include MEXC, KuCoin, Phemex, XT.com, Bitrue, ZB.com, Bitglobal and CoinW, according to the Financial Intelligence Unit (FIU), an agency [...]
SEOUL, Aug. 17 (Korea Bizwire) — Korean Air Lines Co. said Tuesday it has been chosen as a preferred bidder for spearheading the development of low-observable, formation-flying unmanned combat aerial vehicles (UCAVs) by the state-run military research agency. The Agency for Defense Development (ADD) recently finished the basic design for the formation-flying, unmanned aircraft after [...]