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Insurers Launch Policies for Autonomous Vehicles

Insurers Launch Policies for Autonomous Vehicles

SEOUL, Sept. 18 (Korea Bizwire) — South Korean insurance companies will start selling autonomous car-related insurance products from late this month, the financial watchdog said Thursday. The Financial Supervisory Service announced that the nation’s 12 non-life insurance companies will start selling new insurance products that can cover the risk related to accidents involving commercial self-driving [...]

Researchers Develop Simple Way to Remove Radioactive Pollutants

Researchers Develop Simple Way to Remove Radioactive Pollutants

SEOUL, Sept. 17 (Korea Bizwire) — A South Korean research team has developed new technology that can decontaminate the surface of radioactive polluted buildings simply by spraying a hydrogel-based spray coater and washing it with water. The Korea Atomic Energy Research Institute announced on Wednesday that it had developed a hydrogel-based surface decontamination coater that [...]

KT to Develop Companion Robot for Children and Elderly

KT to Develop Companion Robot for Children and Elderly

SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it has signed an agreement with Kakao Corp.’s telecom unit Stage Five to develop an artificial intelligence-powered companion robot targeting children and the elderly. Under the agreement, also signed by Taiwan-based Nuwa Robotics Corp. and the nongovernmental organization Ashoka [...]

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

SEOUL, Sept. 17 (Korea Bizwire) — A new non-life insurance product to compensate individuals and businesses for financial losses caused by the spread of infectious disease like COVID-19 is expected to be available late next year. The Korea Insurance Development Institute (KIDI) announced on Wednesday that it had started developing an infectious disease risk evaluation [...]

Prosecutors Raid BMW Korea over Suspected Cover-up of Fire-prone Engines

Prosecutors Raid BMW Korea over Suspected Cover-up of Fire-prone Engines

SEOUL, Sept. 16 (Korea Bizwire) — Prosecutors on Wednesday raided BMW Korea’s office and server storage in Seoul, as part of their investigation into the German automaker’s suspected attempt to cover up mechanical defects blamed for a string of engine fires over the past years. About 20 prosecutors and investigators from the Seoul Central District [...]