SEOUL, Aug. 5 (Korea Bizwire) – South Korea is set to develop an artificial intelligence (AI) video analysis system aimed at preventing railway accidents caused by human error, such as train operator mistakes. The Korea Transportation Safety Authority (KTSA) recently commissioned a research project titled Development of AI-assisted Train Operation Support Technology. This initiative seeks to [...]
SEOUL, Jul. 31 (Korea Bizwire) – A recent report by CJ ENM’s digital marketing firm MezzoMedia reveals a growing trend among South Korean consumers: maximizing value from limited time across shopping, gaming, and content consumption. The 2024 Consumer Trends Series report, released on July 29, highlights consumers’ increasing preference for products and services that minimize wasted [...]
SEOUL, Jul. 30 (Korea Bizwire) — SK Telecom Co. said Tuesday it has launched its artificial intelligence-based veterinary care assistance service X Caliber in Southeast Asia. The mobile carrier signed a deal with local companies to supply X Caliber in Malaysia, Thailand and Vietnam, according to the Korean company. X Caliber is an AI-based veterinary [...]
SEOUL, Jul. 29 (Korea Bizwire) – The South Korean Ministry of Environment and POSCO DX have joined forces in an innovative environmental, social, and governance (ESG) initiative aimed at reducing wildlife-vehicle collisions on the country’s roads. On July 26, the two entities signed a memorandum of understanding at POSCO DX’s Pangyo office in Seongnam, Gyeonggi Province. [...]
SEOUL, Jul. 23 (Korea Bizwire) – In a strategic move to secure a leading position in the next-generation artificial intelligence (AI) semiconductor market, Samsung Electronics is ramping up investments in AI chip companies. Industry sources reported on July 22 that the Samsung Catalyst Fund (SCF), a venture capital fund that operates under the Samsung Semiconductor Innovation [...]
SEOUL, Jul. 22 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, is revving up its merger and acquisition (M&A) engine, with a particular focus on artificial intelligence (AI) technologies. The company’s recent moves have ignited speculation about its next big deal and future direction in the rapidly evolving AI landscape. On July 16, Samsung [...]
SEOUL, Jul. 19 (Korea Bizwire) – LG Electronics is ramping up its smart factory solutions business, leveraging 66 years of manufacturing and production data combined with artificial intelligence (AI) and digital transformation (DX) technologies. The company aims to aggressively enter industrial sectors with anticipated growth in factory demand, with the goal of achieving revenue of 1 [...]
DAEJEON, Jul. 19 (Korea Bizwire) – In a breakthrough that could revolutionize law enforcement, South Korean researchers have developed artificial intelligence technology capable of predicting criminal activity before it occurs. The Electronics and Telecommunications Research Institute (ETRI) announced on July 18 that it has created a system called Dejaview that analyzes CCTV footage, crime statistics, and [...]
SEOUL, Jul. 16 (Korea Bizwire) – SK Telecom, a leading South Korean telecommunications company, is set to introduce its artificial intelligence-based veterinary diagnostic aid service, X Caliber, to the North American market, following successful launches in Australia and Indonesia. On July 15, SK Telecom announced that it had signed a distribution agreement with Nuon and Nikki, [...]
SEOUL, Jul. 12 (Korea Bizwire) – A recent global survey has revealed that generative AI tools, such as ChatGPT, have seen the most significant improvement in performance satisfaction within the sales sector this year. Meanwhile, the legal field experienced the steepest decline in AI satisfaction. According to a quarterly AI survey conducted by Bain & Company, [...]