The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Mar. 14 (Korea Bizwire) – A recent study forecasts that artificial intelligence (AI) could potentially replace up to 13% of jobs in South Korea, totaling approximately 3.27 million positions, with a significant portion of these at risk within professional fields. The Korea Institute for Industrial Economics & Trade released a report on March 13 outlining [...]
SEOUL, Mar. 14 (Korea Bizwire) – In recent years, the gaming industry in South Korea has seen a surge in competition from foreign companies, particularly from China. This trend has been gaining momentum as Chinese firms have expanded their capabilities and competitive edge, largely due to the restrictions on Korean companies entering the Chinese market imposed [...]
SEOUL, Mar. 14 (Korea Bizwire) – The proliferation of AI-generated cover songs that mimic the voices of famous singers has sparked controversy and raised legal concerns, as these ‘AI covers’ spread across YouTube, potentially infringing upon the rights of the artists involved. Legal experts warn that such activities, especially when they generate sponsorship or advertising revenue, [...]
SEOUL, Mar. 14 (Korea Bizwire) – In the latest assessment of telecom operators’ efforts to protect users, LG U+ and SK Telecom have set a high standard by receiving the highest rating of “Outstanding.” In contrast, Apple’s App Store and Meta have struggled to improve, maintaining the lowest rating of “Poor” for another year. The evaluation, [...]
SEOUL, March 13 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will expand its market share in organic light-emitting diode (OLED) TVs, where rival LG Electronics Co. remains the global market leader, with a focus on premium, large-sized products. “Over the past two years, our OLED TVs have experienced rapid growth and our market [...]
SEOUL, Mar. 13 (Korea Bizwire) – Amid the rapidly growing global robotics market, fueled by advancements in Artificial Intelligence (AI) and Information and Communication Technology (ICT), tech giants Samsung Electronics and LG Electronics are ramping up their investments and research and development efforts. The robotics sector, which integrates various fields such as AI, semiconductors, optics, telecommunications, [...]
SEJONG, Mar. 13 (Korea Bizwire) – In a novel move towards sustainability, Samsung Electronics is set to utilize the waste heat generated from its semiconductor manufacturing processes for district heating purposes. This innovative approach was solidified through an agreement signed between Samsung Electronics and the Korea District Heating Corporation. The ceremony, held at Samsung’s Hwaseong campus, [...]
SEOUL, Mar. 13 (Korea Bizwire) — Lunit Inc., a South Korean medical artificial intelligence (AI) startup, said Wednesday it has secured preliminary approval from a New Zealand high court for the acquisition of an Oceania-based breast cancer solution firm, Volpara Health Ltd. With the high court’s approval, Volpara Health will hold a general shareholders’ meeting [...]
SEOUL, Mar. 13 (Korea Bizwire) – In an effort to boost national defense capabilities against the escalating threat of drone-related incidents, South Korea’s Ministry of Science and ICT; the Ministry of Land, Infrastructure, and Transport; and the National Intelligence Service have come together to establish dedicated anti-drone training facilities. This initiative was formalized through a Memorandum [...]
SEOUL, Mar. 11 (Korea Bizwire) –Nexon Korea has initiated legal action against the Fair Trade Commission (FTC), challenging the sanctions imposed by the regulator over its sale of random-chance items in the popular online game MapleStory. The FTC had previously issued a corrective order and imposed a fine of approximately 11.6 billion won ($9.7 million) [...]