SEOUL, July 6 (Korea Bizwire) — KT Corp., South Korea’s No. 2 mobile carrier, said Wednesday it has invested 30 billion won (US$23 million) in Rebellions Inc., a local artificial intelligence (AI) chip startup, to participate in the fast growing field of AI chips. The deal signed Monday marks KT’s second strategic investment in the [...]
SEOUL, July 6 (Korea Bizwire) — Kakao Enterprise Corp., an artificial intelligence (AI) unit of the country’s largest mobile messenger operator Kakao Corp., ranked first in the kiosk category of the Face Recognition Vendor Test (FRVT) conducted by the U.S. National Institute of Standards and Technology. The FRVT is a globally-renowned facial recognition test that [...]
SEOUL, July 1 (Korea Bizwire) — Hyundai Robotics Co., the largest industrial robot manufacturer in South Korea, said Thursday it will release an innovative disinfection robot enabling face-to-face disinfection. The newly-developed robot uses plasma sterilization, a method that has been used for the sterilization of surgical instruments at hospitals, to sterilize the air, while carrying [...]
SEOUL, June 24 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it had developed a smart controller that can analyze a driver’s biometric signals to ensure safe driving. The newly-developed controller, called Smart Cabin, consists of four sensors to measure the passenger’s biometric signals, a controller that analyzes bio-signal [...]
SEOUL, June 24 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Thursday it had developed a new technology to prevent the hacking of intelligent CCTV systems in collaboration with Internet of Things (IoT) security specialist ICTK Holdings. Intelligent CCTV refers to an artificial intelligence (AI) service that analyzes video images [...]
SEOUL, June 22 (Korea Bizwire) — LG Electronics Inc. said Wednesday it is joining hands with Kakao Mobility Corp., the country’s leading taxi-hailing firm, to develop mobility-related technologies and services, as the tech giant has been aggressively pushing to expand its business with the next growth engine. The two tech firms recently signed a memorandum [...]
SEOUL, June 22 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Tuesday it had opened the Teach-driven Entertainment for Asian Movement (TEAM) Studio at the 2nd Techno Valley, a startup complex near Seoul. The TEAM Studio is a visual effects (VFX)-based media content studio with a floor space of about 3,050 [...]
SEOUL, June 21 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, plans to develop and distribute wearable robots that can be used at construction sites. The company announced on Monday that it was selected in a contest held by the Korea Institute for Robot Industry Advancement to work in [...]
SEOUL, June 17 (Korea Bizwire) — The Ministry of Science and ICT said Thursday that it had launched a pilot project to enable universities and small and medium enterprises (SMEs) to share ultra-large artificial intelligence (AI) models developed by large companies. Ultra-large AI refers to next-generation AI technology that uses large-capacity data and supercomputing infrastructure [...]
SEOUL, June 15 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it will enter the fast-growing logistics market with its robotic technology as part of efforts to become an automated logistics solutions provider. The tech giant said it will sign a memorandum of understanding with major parcel delivery firm CJ Logistics Corp. later in [...]