SUWON, Jun. 26 (Korea Bizwire) — Gyeonggi-do is planning to provide big-data based analysis on commercial areas for individuals or companies planning to open new businesses in the province. The Gyeonggi Provincial Assembly has pre-announced legislation for an ordinance to develop a system for the analysis, said the assembly on June 25. The system will [...]
SEOUL, June 4 (Korea Bizwire) – From September or sooner, Korean financial institutions will be able to freely use personal credit information on the condition that individuals are not identified, giving them a way to offer financial products using big data collected from consumers. The Financial Services Commission (FSC) decided on June 3 to move forward [...]
SEJONG, Jun. 2 (Korea Bizwire) — A speculated increase in Koreans eating out due to income increases and shrinking families is being confirmed following the analysis of data collected during recent research programs. According to a report published by the Hyundai Research Institute in February, the average expenditure per month on eating out among middle [...]
SEOUL, Feb. 22 (Korea Bizwire) — Korean governmental bodies are making good use of big data analysis to help design new policies. The Gwangju Metropolitan Government and SK Telecom recently conducted a big data analysis regarding transportation and population information in Gwangju, to find out which areas were the most populated with senior citizens over 65 who had [...]
SEOUL, Feb. 1 (Korea Bizwire) – Homeplus Co., the South Korean unit of British retail giant Tesco PLC, has been indicted on charges of illegally selling customer data to insurance firms in exchange for money, a government investigation team said Sunday. Homeplus is accused of gathering more than 24 million pieces of customer data, including [...]
SEOUL, Dec. 22 (Korea Bizwire) — SK Telecom announced that it will hold a competition called “Big data Analytic Festival (BAF)” in partnership with Data Solution, a Korean data analysis company. The telecommunications provider is also planning to crystallize several business plans from the competition’s big data analyses on moviegoers, campers, healthy-eaters, and senior citizens. The [...]
SEOUL, Dec. 20 (Korea Bizwire) – SK C&C, Korea’s third largest IT system developer, aims to increase its footprint in the big data service market by expanding and strengthening its related task forces. The IT firm announced that it plans to transform its existing big data task force into an official division, providing composite big data [...]
SEOUL, Dec.4 (Korea Bizwire) – The Korea Intellectual Property Office held on December 3 a conference to predict promising technologies for the future based on the analysis on patent big data. In the conference at GS Tower in Seoul’s Gangnam, as many as 400 officials from industry, academia, and research institutes participated. The 60 promising technologies gathered from [...]
REDWOOD, Calif. Nov. 6 (Korea Bizwire) – C3 Energy has joined the U.S. Department of Commerce and U.S. Trade and Development Agency in major trade missions to drive discussions around smart grid technology globally. Most recently, C3 Energy participated in a trade mission to meet with electricity and gas utilities and senior government officials in Japan [...]
SEOUL, Oct. 7 (Korea Bizwire) – By making practical use of big data on weather, road slopes and floating population, the Korean government plans to offer accident forecast services to drivers to reduce traffic accidents. Korea Cadastral Survey Corporation (KCSC) announced on October 5 that it would lead a consortium to develop “Pilot Project of Disaster [...]