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LG Electronics Develops LTE-based Autonomous Driving Technology

LG Electronics Develops LTE-based Autonomous Driving Technology

SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]

Mobile Carriers Criticize Finnish Report Stating S. Korean Mobile Data Most Expensive

Mobile Carriers Criticize Finnish Report Stating S. Korean Mobile Data Most Expensive

SEOUL, Dec. 6 (Korea Bizwire) – Mobile carriers have issued criticism of the methodology through which the Finnish consulting firm Rewheel gathered the data for its Digital Fuel Monitor report, which singled out South Korea for having the heftiest smartphone data fees among 41 countries. The report, released on December 1, examined the prices set [...]

Government Considering Task Force to Regulate Cryptocurrencies

Government Considering Task Force to Regulate Cryptocurrencies

SEOUL, Dec. 5 (Korea Bizwire) – The government is mulling plans to launch a task force dedicated to dealing with issues related to cryptocurrencies such as Bitcoin speculation and hacking attacks against cryptocurrency exchanges. According to the Ministry of Justice on Monday, plans are being considered by the government to launch a task force to more [...]

Gangnam to Roll Out IoT Paper Package Recycling Bins

Gangnam to Roll Out IoT Paper Package Recycling Bins

SEOUL, Dec. 5 (Korea Bizwire) – Gangnam District has announced plans to introduce IoT-based paper packaging waste recycling bins for the first time in South Korea. According to the Gangnam District Office on Monday, 53 of the smart paper package recycling bins will be installed at a total of 26 locations within the district, including the [...]

5G Industry Leaders Gather in Seoul

5G Industry Leaders Gather in Seoul

SEOUL, Nov. 22 (Korea Bizwire) – More than 400 fifth-generation (5G) network experts gathered in Seoul on Wednesday to discuss the latest cutting edge industrial trends. The 4th Global 5G Event, hosted by the Ministry of Science and ICT brought together influential mobile network operators and policymakers from around the world to help pave the way for next-generation mobile information and communication network. The 5G network [...]

Firefighters Embrace Bodycams, Drones to Save Lives

Firefighters Embrace Bodycams, Drones to Save Lives

SEOUL, Nov. 21 (Korea Bizwire) – Firefighters in Gangwon Province will adopt modern technological advances like bodycams and drones as tools in their mission to put out fires and save lives.  Thanks to contributions by SK Telecom, the Gangwon Fire Headquarters will be stocked with 230 bodycams, four drones and a video encoder program called [...]

Blockchain Used to Better Insure Homes

Blockchain Used to Better Insure Homes

SEOUL, Nov. 15 (Korea Bizwire) – The uses of blockchain technology are becoming more diversified after a coalition of private enterprise and government entities announced a blockchain-supported “black box” system for buildings. Designed by the Ministry of Science and ICT, the Korea Electrical Safety Corporation (KESCO) and SK Telecom, the new blockchain database will be [...]