JEJU, April 7 (Korea Bizwire) – A new system that allows windmills to provide a stable source of electricity and store the energy efficiently will be developed for the first time by Korean research teams. Jeju Island, LG Chemical, POSCO ICT, and Wind Synergy signed an agreement to cooperate on Energy Storage System (ESS) initiatives linked to [...]
SEOUL, April 6 (Korea Bizwire) – KT broadcast the opening game of the KT Wiz’s season live through virtual reality (VR), the first mobile 360-degree live broadcast shared on the sports game site. The crowd wore exclusive VR cardboard viewers handed out by KT, and enjoyed a more dynamic view of the game. Even those sitting [...]
SEOUL, April 6 (Korea Bizwire) – A Korean medical team has succeeded in transplanting a 3D printed skull, drawing the attention of the public. New 3D printing technology has proven to be useful in many areas, and is now being used in the medical field. Professors Kwon Jeong-tek and Lee Mu-yeol from the neurosurgery department at [...]
SEJONG, March 29 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs announced the development of ‘smart farm’ technology, which equips existing dairy farms with information and communications technology (ICT). Equipment that helps enhance productivity in breeding farm animals, such as robot milking machines, automatic calf feeders, and self-regulation cattle bowls will be provided so [...]
SEOUL, March 15 (Korea Bizwire) – Autonomous vehicles similar to those appearing in cartoons or movies could make it to the market by 2020. Over the next five years, Hyundai-Kia Automative Group will invest more than 2 trillion won to commercialize autonomous vehicles that can make driving decisions on their own. Interest in the project is [...]
SEOUL, March 11 (Korea Bizwire) – China’s drone manufacturer DJI will open its first overseas store in South Korea this weekend, a business move that targets one of the most active markets for contents provided by the aerial device. The five-story DJI Flagship Store in western Seoul, opened to the press on Friday in an [...]
SEOUL, Feb.23 (Korea Bizwire) – The Seoul Metropolitan Government has selected ‘diginomics’ as a new strategy to boost city growth. With the city currently losing its growth engine, and with the population dwindling and expected to fall under 10 million, diginomics will be counted on to boost growth, create jobs and make the lives of [...]
SEJONG, Feb. 23 (Korea Bizwire) – South Korea will lodge a formal complaint against China over its new battery subsidy rules found to be unfavorable for South Korean companies at bilateral trade talks next month, the trade ministry said Tuesday. China revised its subsidy rules last month to stop offering incentives to producers of nickel-cobalt-manganese [...]
DAEJEON, Feb.15 (Korea Bizwire) – Competition for patents is fierce among domestic companies eager to get ahead in the drone market. The Korean Intellectual Property Office announced that a total of 389 patents related to drones were applied for in 2015, which was a 161 percent increase compared to the previous year. The number of [...]
SEOUL, Feb.4 (Korea Bizwire) – Samsung Electronics revealed a new vehicle called the ‘Samsung Safety Truck’, which was developed to prevent accidents resulting from overtaking. The truck’s distinguishing feature is its ‘smart signage’ in the form of a large commercial display that is mounted to the back of the vehicle. Samsung Electronics revealed a prototype [...]