The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Apr. 22 (Korea Bizwire) — South Korea has donated an advanced medical imaging analysis system to a military hospital in the United Arab Emirates (UAE) to help improve its health care service, the defense ministry said Monday. The artificial intelligence (AI) powered medical image analysis system, jointly developed by the defense and ICT ministries [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s exports rose 11.1 percent on-year in the first 20 days of April on surging global demand for semiconductors, data showed Monday. Outbound shipments reached US$35.82 billion in the April 1-20 period, compared with $32.25 billion tallied a year earlier, according to the data from the Korea Customs [...]
SEOUL, Apr. 22 (Korea Bizwire) – A new study suggests that network operators, including telecommunications companies, provide benefits worth an estimated 506 billion won annually to Netflix users in South Korea. The research paper titled “An Empirical Study on the Benefits Provided by Internet Service Providers (ISPs) to Over-the-Top (OTT) Service Users,” authored by Professor Byun [...]
SEOUL, April 19 (Korea Bizwire) –In the aftermath of Twitch’s withdrawal from South Korea, a staggering 1.84 million users have migrated to the upstart live streaming service CHZZK, according to a report released on April 18 by data analytics firm IGAWorks. The report, which analyzed trends across major personal broadcasting apps from December 2023 to [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Friday it has set up a strategic partnership with Taiwan Semiconductor Manufacturing Company (TSMC) aimed at bolstering its capabilities in producing premium high bandwidth memory (HBM) chips and advanced packaging technologies. Under the memorandum of understanding agreed recently in Taipei, Taiwan, the [...]
SEOUL, Apr. 19 (Korea Bizwire) – In an effort to raise awareness about animals facing extinction from rapid climate change, LG Electronics unveiled a video series as part of its Vulnerable and Endangered Species Awareness Campaign on the renowned billboard screens of New York’s Times Square on April 16. The campaign launch in Times Square, featuring [...]
SEOUL, Apr. 18 (Korea Bizwire) – In an effort to reduce plastic waste, South Korea’s telecommunications industry is downsizing the physical SIM cards issued to mobile subscribers. SK 7mobile, the budget phone brand of SK Telink, announced that it will introduce new SIM cards that are one-fourth the size of standard versions. Traditionally, a single SIM [...]
SEOUL, Apr. 18 (Korea Bizwire) – Over the past decade, Taiwan’s 100 largest companies by market capitalization have surpassed their South Korean counterparts in terms of total market value and operating profits, according to a new analysis. A study by the corporate data research firm CEOScore, which examined the top 100 non-financial companies in South Korea [...]
SEJONG, Apr. 18 (Korea Bizwire) – The Fair Trade Commission of South Korea has launched an investigation into allegations that the online game “Night Crows” manipulated the probabilities of obtaining in-game items. According to industry sources, the commission dispatched investigators to the headquarters of WeMade, the game’s developer, in Seongnam, Gyeonggi Province, to secure data related [...]
SEOUL, April 17 (Korea Bizwire) – While South Korea demonstrates robust human capital for artificial intelligence (AI) development, the country failed to produce any foundational AI models last year and is experiencing an outflow of talent to other nations, according to a new report from Stanford University’s Human-Centered Artificial Intelligence Institute (HAI). The “AI Index 2024″ [...]