SEOUL, Oct. 18 (Korea Bizwire) –Kakao Mobility, a leading South Korean tech company, announced on October 16 the launch of a new feature called Trending Now for its navigation app, Kakao Navi. This innovative service utilizes big data from user driving patterns to recommend real-time hotspots based on user preferences. Unlike traditional restaurant and nearby [...]
SEOUL, Nov. 1 (Korea Bizwire) — The Korea Meteorological Administration (KMA) announced on Monday that it will release the climate and weather observation and prediction data that it has accumulated internally to the public. Such data will be provided in one stop through the application programming interface (API)-based climate weather data hub. Once an integrated [...]
SEOUL, Oct. 5 (Korea Bizwire) — The Seoul Metropolitan Government announced that it will provide real-time information on the status and time of traffic lights at major downtown crossroads for free through a public portal starting from Wednesday. Any citizen can check this information for 788 major crossroads within the city on a real-time basis [...]
SUWON, Aug. 25 (Korea Bizwire) — South Korean researchers have developed a new artificial intelligence (AI) solution that can set the appropriate cargo freight rate by using about 2 million big data records, including the day of the week, transportation time and weather. The Gyeonggi Provincial Government said Tuesday that scientists from Kyonggi University, who [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea will provide various forms of support to help local financial firms more actively use fast-advancing artificial intelligence (AI) technology in their businesses, a top financial regulator said Thursday. In a meeting with major financial and tech companies in Seoul, Kim So-young, vice chair of the Financial Services [...]
SEOUL, Feb. 15 (Korea Bizwire) — Construction machinery manufacturer Hyundai Doosan Infracore Co. has created a new product that uses big data to cater to client needs. The company recently held a performance brief on ‘DI 360’, a big data collaboration platform, and announced the way ahead for big data-based planning. The platform is capable [...]
SEOUL, Jan. 25 (Korea Bizwire) — The development of big data and artificial intelligence (AI) technology has resulted in a boom of customized consumer items in South Korea. A good example is the fashion industry, which is rolling out a variety of customized services. Tribons Co., a South Korean apparel manufacturer, is running an online [...]
SEOUL, Dec. 24 (Korea Bizwire) — The Korea Broadcast Advertising Corp.(KOBACO), a state-run broadcasting ad agency, said Thursday that it had signed a memorandum of understanding (MOU) with local IT startups Storelink and Kloser to prevent digital ad fraud. The initiative comes after a soaring number of fraud cases involving abuse of the method of [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korean retailers are beefing up investment to introduce new technology that can contribute to minimizing delivery time, personnel and energy as a way to complete delivery within the shortest possible time. GS Retail Co. acquired a 1.3 percent stake in Kakao Mobility Corp. for 65 billion won (US$54.5 [...]
SEOUL, Nov. 24 (Korea Bizwire) — The Ministry of Interior and Safety announced Tuesday that the artificial intelligence (AI) and big data-based ‘tax arrears analysis service’ that uses big data technology to analyze local tax data and calculate the potential of future payment will cover the entire nation next year. This service predicts if a [...]