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Digital Transformation and AI Pose Both Opportunities and Challenges for South Korean Businesses, Analysis Shows

Digital Transformation and AI Pose Both Opportunities and Challenges for South Korean Businesses, Analysis Shows

SEOUL, Mar. 7 (Korea Bizwire) – A recent analysis conducted using the generative AI ChatGPT on the annual management messages of top companies has revealed that the advancements in digital transformation (DX) and artificial intelligence (AI) are seen as both a crisis and an opportunity for South Korean businesses. On March 6, the Korea Chamber of [...]

Retail Sector’s AI Evolution: From Search and Recommendation to Autonomous and Hyper-Personalized Services

Retail Sector’s AI Evolution: From Search and Recommendation to Autonomous and Hyper-Personalized Services

SEOUL, Feb. 19 (Korea Bizwire) – The utilization of Artificial Intelligence (AI) in the retail industry is advancing beyond basic search functionalities, personalized recommendations, and chatbot consultations, towards unmanned and hyper-personalized services. According to recent industry reports, a competitive race in AI development and application is unfolding across various sectors, including e-commerce, department stores, supermarkets, convenience [...]

South Korea’s AI Innovation: From Avatar Hotel Clerks to Autonomous Buses

South Korea’s AI Innovation: From Avatar Hotel Clerks to Autonomous Buses

BERLIN, Feb. 14 (Korea Bizwire) – A recent feature by a German news outlet highlighted Korea’s burgeoning AI scene, showcasing innovative uses of artificial intelligence across various sectors. The report marveled at the sight of an avatar, crafted with AI assistance, greeting guests at hotel check-ins, easily mistaken for a living person even upon closer inspection.  [...]

Healthcare Innovators Employ AI and Robotics to Pioneer Non-Drug Therapies for Alzheimer’s Treatment

Healthcare Innovators Employ AI and Robotics to Pioneer Non-Drug Therapies for Alzheimer’s Treatment

SEOUL, Feb. 13 (Korea Bizwire) – The healthcare industry is witnessing a surge in the development of non-pharmacological interventions to assist in the treatment of Alzheimer’s, leveraging artificial intelligence (AI), robotics, and low-dose radiation systems. Radicure, a company specializing in dementia-dedicated digital X-ray systems, has partnered with Neurophet, a brain disorder imaging AI solution firm, to [...]

AI Care Robots Significantly Reduce Depression in Elderly

AI Care Robots Significantly Reduce Depression in Elderly

DANYANG, Jan. 25 (Korea Bizwire) — Artificial Intelligence (AI) care robots have been found to significantly alleviate depression in the elderly, according to a study conducted in Danyang County, North Chungcheong Province. On January 24, Danyang County reported that after distributing AI care robots to 110 solitary seniors aged between 65 and 85 in early October [...]

Yuhan-Kimberly Launches Innovative ‘Huggies AI Fitting Room’ Service for Perfect Diaper Fit

Yuhan-Kimberly Launches Innovative ‘Huggies AI Fitting Room’ Service for Perfect Diaper Fit

SEOUL, Jan. 23 (Korea Bizwire) — Yuhan-Kimberly announced on January 22 the launch of the groundbreaking ‘Huggies AI Fitting Room’ utilizing artificial intelligence, targeted at shoppers making purchases at its online mall, MomQ. This service is designed to analyze and suggest the perfect diaper size for children, leveraging the capabilities of AI. A representative from Yuhan-Kimberly [...]

Relaxed Regulations for Clinical Trials of Low-risk Medical Devices, Including AI, in South Korea

Relaxed Regulations for Clinical Trials of Low-risk Medical Devices, Including AI, in South Korea

SEOUL, Jan. 10 (Korea Bizwire) – The South Korean Ministry of Food and Drug Safety (MFDS) has announced that clinical trials for low-risk medical devices, including medical artificial intelligence (AI), can now be conducted without the need for clinical plan approval from the MFDS. This change will also allow trials to be conducted outside of designated [...]

SK Hynix Vows to Take Lead in AI Boom with Cutting-edge Memory Solutions

SK Hynix Vows to Take Lead in AI Boom with Cutting-edge Memory Solutions

LAS VEGAS, Jan. 8 (Korea Bizwire) — SK hynix Inc., the world’s second-largest maker of memory chips, on Monday announced its commitment to spearheading the technological revolution led by artificial intelligence (AI) through its customized high-performance memory solutions. In a press conference ahead of CES 2024 in Las Vegas, the company’s CEO Kwak Noh-jung emphasized [...]