The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has launched a project to develop homegrown space rovers amid the growing global competition for lunar exploration. The government has reached an agreement with 13 institutions and companies, including Hyundai Motor Co., to develop around 10 key rover components with a combined [...]
SEOUL, Nov. 6 (Korea Bizwire) – A new report has revealed that global technology companies like Google and Meta may be substantially underreporting their earnings in South Korea, resulting in significantly lower corporate tax payments than their actual market presence would suggest. According to a report released on November 5 by professors Jeon Seongmin of Gachon [...]
BUSAN, Nov. 6 (Korea Bizwire) – In a significant upgrade to its municipal services, the city of Busan announced on November 5 the launch of Finding All, a new citizen-participation platform that combines blockchain and artificial intelligence technologies to streamline the process of locating lost items. The platform emerged from Busan’s Blockchain Specialized Cluster Creation Project, [...]
SEOUL, Nov. 5 (Korea Bizwire) – In response to its first quarterly loss in 12 years, South Korean gaming giant NCsoft has pledged to undergo a drastic restructuring by year’s end to revitalize its performance. During the third-quarter earnings call on November 4, NCsoft CFO Hong Won-jun promised that from 2025 onwards, the company would focus [...]
SEOUL, Nov. 5 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, on Tuesday showcased the world’s first artificial intelligence IPTV that supports advanced 8K resolution. The Korean company’s new Genie TV set-top box will support 8K resolution, the highest resolution standard for content creation, to upgrade the viewing experience for its users, [...]
SEOUL, Nov. 5 (Korea Bizwire) – A recent survey has revealed that an overwhelming majority of South Korean small and medium-sized enterprises (SMEs) have yet to embrace artificial intelligence technology, highlighting a significant digital divide in the country’s business landscape. According to the results of a recent survey released on November 4 by the Korea Federation [...]
DAEJEON, Nov. 5 (Korea Bizwire) – The Korea Institute of Machinery and Materials (KIMM) announced on November 4 that researchers have developed an innovative nanofilm sensor that can diagnose building deterioration through color changes, marking a significant advance in structural health monitoring technology. Led by principal researcher Yoon Jae Sung of the department of nano manufacturing [...]
DAEJEON, Nov. 5 (Korea Bizwire) – In a significant development highlighting South Korea’s dominance in battery technology, patent applications for battery fire safety technologies have surged nineteen-fold over the past decade, according to data released by the Korean Intellectual Property Office on November 3. An analysis of patent applications filed with major patent offices worldwide—including South [...]
SEOUL, Nov. 4 (Korea Bizwire) – In response to growing privacy concerns over leaked surveillance footage appearing on adult websites, major South Korean e-commerce platforms are implementing new measures to help consumers protect their IP camera systems from unauthorized access. The move comes after sensitive footage from private homes, vacation rentals, and even plastic surgery operating [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK Telecom Co., the telecommunications arm of SK Group, will push to create an artificial intelligence (AI) data center hub for the Asia-Pacific region in South Korea, its chief executive said Monday. SK Telecom CEO Ryu Young-sang outlined the vision, dubbed the “AI infrastructure superhighway,” centered on creating comprehensive [...]