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 [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korean defense companies are making forays into the development of military robots as their new growth engine. Hyundai Rotem Co., a train and defense company, has launched a drive to develop a multi-legged counter-terrorism robot that is expected to be commercialized by 2024. With four legs, the robot [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Tuesday it has established research and development (R&D) centers in the United States and Germany in a bid to bolster its technological competitiveness through regional collaboration. It formally launched its first U.S. research institute in Boston on Monday (U.S. time), following [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Motor Group said Friday it will spend US$424 million to build an artificial intelligence (AI) research center in the United States to bolster its edge in robotics technology, an area it cites as a key future growth driver. Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. — [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Rotem Co., a tank and train-making affiliate of Hyundai Motor Group, has clinched an order for the development of a multi-legged robot for military use for the first time in South Korea. The company announced on Thursday that it signed an agreement with the Defense Industry Technology Center [...]