Artificial Intelligence Archives | Be Korea-savvy
Samsung, LG Introduce AI-based Air Conditioners

Samsung, LG Introduce AI-based Air Conditioners

SEOUL, Jan. 17 (Korea Bizwire) — South Korean home appliance makers have showcased their latest lineup of air conditioners with artificial intelligence (AI) capabilities and advanced air purification features to target the premium market, industry sources said Thursday. Industry leader Samsung Electronics Co. unveiled its latest wind-free air conditioners that gently disperse cold air through [...]

New AI System Estimates Vehicle Repair Costs After Accidents

New AI System Estimates Vehicle Repair Costs After Accidents

SEOUL, Jan. 8 (Korea Bizwire) — The Korea Insurance Development Institute announced on January 7 that it has started developing a new assessment tool called ‘Automobile Repair Cost On-line Service-α’ (AOS-α). The system’s artificial intelligence (AI) will estimate vehicle repair costs by analyzing pictures of car wrecks caused by traffic accidents. The institute is planning [...]

S. Korean Fashion Firm Handsome Unveils AI-designed Clothes

S. Korean Fashion Firm Handsome Unveils AI-designed Clothes

SEOUL, Nov. 28 (Korea Bizwire) — South Korean fashion company Handsome said Wednesday it will release the country’s first clothes designed with artificial intelligence technology. Handsome, an affiliate of Hyundai Department Store Group, said it joined forces with Designovel to create new patterns for clothes released under the SJYP brand. Designovel is a startup specializing [...]

Portal Website Naver Introduces “Home Run Replay” Function During Live Broadcast

Portal Website Naver Introduces “Home Run Replay” Function During Live Broadcast

SEOUL, Nov. 6 (Korea Bizwire) — The popular portal website Naver Corp. revealed yesterday that it will be implementing a new function on its website that allows users to replay home runs during Korean Series baseball matches airing live. The function is based on artificial intelligence (AI) technology. The technology automatically recognizes home run sequences [...]

S. Korea to Offer Trial Service of Machine-readable Regulation

S. Korea to Offer Trial Service of Machine-readable Regulation

SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog said Monday it will provide a trial service of machine-readable regulation that would help companies better comply with state rules. As one of the financial technology sectors, machine-readable regulation allows companies to better meet regulatory requirements and avoid hefty fines. Financial Supervisory Service Gov. Yoon [...]

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday declared that it will make investments worth a whopping 180 trillion won (US$160 billion) over the next three years, seeking to effectively overcome various challenges to its business and its relationship with a government that has maintained a tough stance on family-controlled firms. The [...]

LG Electronics Opens First Overseas AI Research Lab

LG Electronics Opens First Overseas AI Research Lab

SEOUL, Aug. 1 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has opened its first overseas research center devoted solely to the development of artificial intelligence (AI) technologies. The South Korean tech giant said the Toronto AI Lab in Canada will carry out various research through cooperation with the University of Toronto starting from [...]

Chatbots in Banking Unable to Offer Full Personal Data Protection: Watchdog

Chatbots in Banking Unable to Offer Full Personal Data Protection: Watchdog

SEOUL, Jul. 31 (Korea Bizwire) — Banks and other financial institutions that increasingly rely on chatbots to interact with customers are vulnerable to breaches of personal data protection, the financial watchdog said Tuesday. A chatbot is a computer program or artificial intelligence that is used in various business sectors, enabling customers to communicate with firms [...]