SEOUL, July 12 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group said Tuesday that its future technology will center on artificial intelligence (AI) and the Internet of Things (IoT). Of 32 research projects spearheaded by the group between 2014 and 2016 which are aimed at accelerating technology innovation, six were related to AI, the [...]
INCHEON, July 7 (Korea Bizwire) – A number of high schools in Korea are offering specialized courses, moving away from their usual bisected ‘liberal arts vs. natural sciences’ programs. Incheon’s Bugae Girls’ High School will start offering cognitive engineering-related subjects to some 90 students, beginning next year. Apart from foundation courses such as Korean, English, [...]
SEOUL, July 5 (Korea Bizwire) – SK Telecom (SKT), Korea’s leading network operator, launched a nationwide Internet of Things network Monday that uses its LoRa (long-range) network exclusive to IoT communications. This is the first time for a country to establish an IoT-exclusive nationwide network with a single control center. With the new system, a wide [...]
SEOUL, July 1 (Korea Bizwire) – Industry 4.0, or the fourth industrial revolution, is just around the corner. In truth, we’re already a part of it. The Korean government revealed Thursday that it would increase its research & development investment by 50 percent in high-tech fields like artificial intelligence and robotics that will be of [...]
SEOUL, June 28 (Korea Bizwire) – A Korean research team has developed an artificial intelligence system that can analyze constantly-changing stocks, exchange rates, and housing prices. A team of scientists from the Ulsan National Institute of Science and Technology, led by professor Choi Jae-sik, developed a ‘Relational Automatic Statistician System’, which is an AI-based system [...]
SEOUL, June 27 (Korea Bizwire) – Would you trust a robot to manage your financial assets? Korea’s Financial Services Commission (FSC) announced upcoming legislation on Sunday that will allow a ‘robo-advisor’, an AI-based asset management service, to serve as an investment advisor and a manager of investors’ financial assets. Although robo-advisors have performed certain financial [...]
SEOUL, May 17 (Korea Bizwire) – Multinational technology firm IBM is aggressively enlarging its presence in South Korea, most recently adding financial tech to its list of services that already includes artificial intelligence (AI), robotics and security solutions, industry sources said Tuesday. The New York-headquartered company is exploring the local market for its “blockchain,” a [...]
SEOUL, May 10 (Korea Bizwire) – U.S. tech giant IBM Corp. said Monday it plans to release the Korean-language edition of its flagship artificial-intelligence (AI) program next year, and join ties with SK Holdings C&C to tap deeper into the South Korean market. Under the plan, IBM will provide the Korean-language edition of the IBM [...]
SEOUL, May 4 (Korea Bizwire) – AlphaGo may have beat Lee Sedol, but that hasn’t discouraged Koreans. A private AI research institute called the Intelligence Information Technology Institute is expected to open by the end of the year. The Software Policy & Research Institute (SPRi), which is leading the effort, held a press conference Tuesday [...]
SEOUL, April 27 (Korea Bizwire) – Key artificial intelligence (AI) technologies will be commercialized within the next decade mainly in the health, mobile payment, green energy and social learning sectors, a government panel here said Wednesday. AI-based services are expected to be born in earnest around in 2020 to offer cheaper health, legal and financial [...]