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Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

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 [...]

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

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 [...]

Naver Showcases Robotics and Self-Driving Ambitions at Developers’ Conference

Naver Showcases Robotics and Self-Driving Ambitions at Developers’ Conference

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 [...]

Naver Unleashes Line Friends AI Speakers Promotion in Bid to Win Nascent AI Speaker Market

Naver Unleashes Line Friends AI Speakers Promotion in Bid to Win Nascent AI Speaker Market

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 [...]

North Korea’s AI Technology at Breaking Point, Report Says

North Korea’s AI Technology at Breaking Point, Report Says

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 [...]

Medical Surgery Video Uses Animation Character Pororo for Child Patients

Medical Surgery Video Uses Animation Character Pororo for Child Patients

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 [...]