SEOUL, July 16 (Korea Bizwire) – Big data is used in various fields not only in retail, construction, media or financial sectors. Big data has unlimited possibilities and can help create effective results through the integration of data with other sectors. The Korea Meteorological Administration (KMA) recently published a special issue of its journal “Meteorological Policy” to [...]
SEOUL, June 19 (Korea Bizwire) – Not unlike any other big cities, it is hard to hail a taxi cab and get one in Seoul. Especially in some crowed places like Gangnam, Jongro and Sinchon during the late night after midnight, it is literally impossible to take one. To solve the problem, the Seoul Metropolitan City government will [...]
SEOUL, June 14 (Korea Bizwire) – It is expected that the volume of digital data to be created in Korea will be 847 billion gigabytes (GB) by 2020. If the volume is stored 12-GB tablets, the height will be 9,640 times taller than Mt. Halla, the highest mountain in South Korea of 1,950 meters. EMC [...]
SEOUL, May 26 (Korea Bizwire) – Samsung Electronics has set out to strengthen its software capabilities, based on the realization that it will be unable to maintain its leadership position in hardware without concurrent effort to improve competitiveness in the software area. Followed by the establishment of a dedicated organization late last year, the company [...]
SEOUL, May 19 (Korea Bizwire) - Samsung Card, Korea’s major credit card issuer, will provide a big data-based personalized service for the first time among credit card companies. The company said on May 16 that it would kick off a new service called “Samsung Card Link” by which it offers discounts and other customized [...]
SEOUL, May 17 (Korea Bizwire) – Korea’s mom and pop grocery stores begin adopting “weather risk management” systems which employ demand-prediction marketing tools depending on weather variables, joining the growing trend of “going big data” among the mainly IT industries. As opposed to conglomerates and big convenient store chains, which have been following the trend and [...]
SEOUL, May 15 (Korea Bizwire) – “Big Data,” gleaned from credit card usage patterns have revealed Chinese consumers are increasingly calling the shot in Korean local market. Data on the usage of credit cards by foreigners in Korea showed that the credit card usage of Chinese tourists increased 82.7 percent last year from the previous [...]
SEOUL, Korea, April 4 (Korea Bizwire) – The genome big data that may catalyze the commercialization of biotechnology research such as the development of new crop varieties will be provided by a government agency. The Rural Development Administration has established a “big data information system for the genome of agricultural organisms” to be accessible on [...]
SEOUL, Korea, Mar 26 (Korea Bizwire) – The Korean Intellectual Property Office has announced the “Development of National Patent Strategy Blueprint Project (the Blueprint Project)” will be carried out in five different industries this year: the food, agriculture, forestry and fisheries industry, the parts industry, the LED lights industry, the renewable energy industry and the [...]
WESTWOOD, Mass., Feb. 28, 2014 (Korea Bizwire) – RAGE Frameworks, a provider of technology enabled solutions and services, released a white paper on real time Credit Risk monitoring, assessing global events for risk signals round the clock, in addition to automatically generating forward-looking credit ratings based on company financials, as and when they are released. RAGE [...]