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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
DAEJEON, Sept. 7 (Korea Bizwire) — Jerry Kaplan, a world-renowned scholar at Stanford University and an expert in the field of artificial intelligence (AI), said that the myth surrounding the topic is already very widely spread but that it would be “impossible” for robots to achieve the level of thinking humans are born with. Kaplan, [...]
SEOUL, Aug. 9 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday it will provide its artificial intelligence (AI) assistant platform to a hotel in Seoul. NUGU — an advanced voice recognition service that allows hotel room guests to control lighting or use various concierge services — will be partially adopted [...]
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 [...]
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 [...]
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 [...]