The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, May 11 (Korea Bizwire) — Jaroslaw Kutylowski, founder and CEO of the neural machine translation service provider DeepL, has said demand for Korean language on the global stage is growing larger and faster amid the rising presence of the world’s fourth-largest economy in the time of artificial intelligence (AI)-led digitalization. “There is going to [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 wireless carrier, plans to develop artificial intelligence (AI)-based food tech by integrating its technology into the complete process of production, processing, logistics, and sales for agricultural and livestock products. The mobile carrier said Wednesday it has signed a business agreement with food [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. will take part in the construction of an energy self-sufficient city in Naju, North Jeolla Province, where the headquarters of the state-run utility Korea Electric Power Corp. (KEPCO) are located. The two companies announced on Wednesday that they will cooperate to establish [...]
SEOUL, May 10 (Korea Bizwire) – South Korean auto parts maker HL Mando Co. said Tuesday it has signed a memorandum of understanding (MOU) with real estate management service provider AJ Daewon Co. for the commercialization of autonomous driving patrol robots. According to the agreement, the two companies will collaborate on the commercialization of robots [...]
SEOUL, May 10 (Korea Bizwire) — E-Mart announced today the release of a new 65-inch 4K ultra-high-definition (UHD) smart Google TV under its Electroman brand, which is part of its home appliance private label (PL). The TV is an upgraded version of the existing Electroman 55-inch Android TV, and its larger screen size is in [...]
SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its first-quarter net profit jumped 37.3 percent from a year earlier thanks to increased dividend income. The company logged a net profit of 302.5 billion won (US$228.6 million) on a consolidated basis in the January-March period, down from 220.3 [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]
SEOUL, May 10 (Korea Bizwire) — Hyundai Motor Group has announced plans to construct state-of-the-art smart offices that offer various convenience features based on robotics technology. The group said Tuesday it has signed a business agreement with IGIS Asset Management Co., the top real estate investor in the country, to facilitate the commercialization of robot-friendly [...]
SEOUL, May 10 (Korea Bizwire) — South Korean space service startup Perigee Aerospace Inc. said Monday it has signed a memorandum of understanding (MOU) with the Jeju provincial government to construct and operate the country’s first offshore launch platform. Perigee has been working on the development of BW-1, a rocket that uses liquid methane as [...]
SEOUL, May 8 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won (US$33 million) on a consolidated basis in the January-March [...]