SEOUL, Oct. 18 (Korea Bizwire) – A fifth-grade class’s list of suggestions on eliminating vulgarity and typos from the country’s most popular online messaging app Kakao Talk was acknowledged by company CEO Lim Ji-hoon, who said that the ideas are being considered. Last month, Lee Ki-tae and his class of fifth-graders at Wonho Elementary in [...]
SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]
SEOUL, Oct. 18 (Korea Bizwire) — U.S. tech manufacturer Whirlpool Corp. has demanded a punitive tariff of 50 percent on South Korean firms’ washers, government sources said Wednesday. According to South Korea’s trade ministry, Whirlpool submitted the demand to the U.S. International Trade Commission (ITC), which earlier determined that Samsung Electronics Co. and LG Electronics [...]
SEOUL, Oct. 17 (Korea Bizwire) – Following in the footsteps of Google, Amazon and Microsoft — software IT firms that have been making serious forays into the hardware aspect of technology — Naver unveiled similar ambitions at its developers’ conference Deview 2017, held at Coex on October 16. Naver entered the robotics business in earnest [...]
SEOUL, Oct. 17 (Korea Bizwire) – South Korean search engine leader Naver announced today that its AI speakers will become available for purchase on its music service website starting October 26. The special promotional deal will offer the capsule-shaped, Brown and Sally-inspired (popular emoji characters from Naver’s messaging service Line) AI speaker with a one-year [...]
SEOUL, Oct. 17 (Korea Bizwire) — A new report has claimed North Korea’s artificial intelligence technology has reached a breaking point as a result of the country’s poor economic standing and sanctions by the international community, despite having made ‘significant’ technological advances in the past. According to the report released by researcher Kim Min-gwan at [...]
SEOUL, Oct. 17 (Korea Bizwire) — Seoul National University Bundang Hospital has made a virtual reality video explaining a surgical procedure for child patients, as part of efforts to help children relax before going into the operating room. Professors Han Seong-hee and Yu Jung-hee at the department of anesthesiology and pain medicine at Seoul National [...]
SEOUL, Oct. 17 (Korea Bizwire) – The day before Seoul ADEX 2017 (International Aerospace and Defense Exhibition), a face-to-face with media outlets held by Airbus representatives revealed that its South Korean business operations are expected to increase by $1 billion to a total $6 billion by 2021. The increase in scale is due to the [...]
SEOUL, Oct. 17 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, said Tuesday that its joint venture with China’s Sinopec will spend 740 billion won (US$655 million) on expanding its output capacity by some 36 percent in order to meet growing demand. SK Global Chemical Co., SK Innovation’s affiliate, and Sinopec invested [...]
SEOUL, Oct. 16 (Korea Bizwire) – The market share of Hyundai Motor Company and Kia Motors continues to plunge with no sign of recovery, with the figure hitting an eight-year low. The U.S. market share of the Hyundai Motor Group, which owns both Hyundai and Kia Motors, is at its lowest in eight years, placing the [...]