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AI Facial Recognition to Prevent Substitute Test-taking

AI Facial Recognition to Prevent Substitute Test-taking

SEOUL, June 3 (Korea Bizwire) — South Korean IT giant Naver Corp., in collaboration with the YBM Korea TOEIC Committee, will introduce a facial recognition system using AI technology to identify TOEIC English-language test takers. The system, to be introduced on Saturday, uses artificial intelligence (AI) technology to compare pictures submitted during the speaking test [...]

Insurance Company Operates Turns to AI for Fraud Prediction System

Insurance Company Operates Turns to AI for Fraud Prediction System

SEOUL, May 27 (Korea Bizwire) — Kyobo Life Insurance Co., one of South Korea’s leading life insurers, said Tuesday that it has started developing and operating its own insurance fraud prediction system that incorporates artificial intelligence (AI) machine learning technology. K-FDS (Kyobo Fraud Detection System) is a system that enables AI to learn insurance fraud [...]

SK hynix Joins Hands with KAIST on Use of AI Tech in Chipmaking

SK hynix Joins Hands with KAIST on Use of AI Tech in Chipmaking

SEOUL, May 12 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Tuesday it has joined hands with the country’s leading research university to use artificial intelligence (AI) technology in the chip manufacturing process. Under the memorandum of understanding with the Korea Advanced Institute of Science and Technology (KAIST), SK hynix will provide [...]

KT, Construction Equipment Maker to Cooperate on 5G-based Remote Control Solution

KT, Construction Equipment Maker to Cooperate on 5G-based Remote Control Solution

SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications firm, said Tuesday it has joined hands with Hyundai Construction Equipment Co. to develop 5G-based remote control platform for construction equipment and industrial trucks. Under the memorandum of understanding (MOU), the two sides will collaborate in developing various technologies for the builder’s autonomous [...]

Seoul City Introduces AI Technology to Rapidly Locate Underground Voids

Seoul City Introduces AI Technology to Rapidly Locate Underground Voids

SEOUL, May 11 (Korea Bizwire) — The Seoul Metropolitan Government announced Sunday that it can now locate hollow spaces underground five times faster than before using an artificial intelligence (AI)-based automatic analysis program to prevent ground subsidence. The program was developed jointly by Seoul’s city government and Sejong University, and was introduced in the field [...]

NCSOFT, Yonhap Join Hands to Produce AI-implemented Weather Articles

NCSOFT, Yonhap Join Hands to Produce AI-implemented Weather Articles

SEOUL, April 28 (Korea Bizwire) — Yonhap News Agency, South Korea’s top newswire, on Tuesday began providing weather articles utilizing artificial intelligence (AI) technology in partnership with leading gaming firm NCSOFT Corp. It marks the first time for a local news outlet to produce the automated articles using machine learning, a type of AI technology, [...]

Cultural Heritage Administration to Deploy Drones for Safety Management

Cultural Heritage Administration to Deploy Drones for Safety Management

SEOUL, April 24 (Korea Bizwire) — Drones with artificial intelligence (AI) video analysis technology will be deployed starting next year to fly over cultural heritage sites for monitoring and investigation. The Cultural Heritage Administration (CHA) announced Thursday that it will draw up plans for video analysis drones to be used for safety management of cultural [...]

‘New Normal’ Under COVID-19 a Boon for New Technology

‘New Normal’ Under COVID-19 a Boon for New Technology

SEOUL, April 20 (Korea Bizwire) — The coronavirus pandemic is propagating rapidly across the globe, boosting the popularity of so-called “untact” services, and promoting Fourth Industrial Revolution technology based on artificial intelligence. Many companies have been increasing spending on automation, including robot purchases, in light of the pandemic. The International Federation of Robotics estimates that [...]

Epiq Launches Next-Gen Service to Assist Clients with Contract Analysis

Epiq Launches Next-Gen Service to Assist Clients with Contract Analysis

NEW YORK, April 16 (Korea Bizwire) — Epiq, a global leader in the legal services industry, today announced the expansion of its artificial intelligence (AI)-enabled legal solutions to include Contract Analysis.  The new global Contract Analysis offering combines expertise with machine learning and natural language processing to enable faster, more intelligent contract analysis by legal [...]