SEOUL, Aug. 7 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) plans to use big data to minimize subway fare evasion. The city will create a model that learns the patterns of subway fare evaders who abuse special transportation cards normally issued for those older than 65 years of age. In Seoul, subway is completely [...]
SUWON, May 23 (Korea Bizwire) — A recent analysis of social media showed that “coffee” was the most mentioned food in Gyeonggi Province on social media last year. The Gyeonggi Tourism Organization on Tuesday released the ‘2018 Gyeonggi Tourism Trends Report’ and the ‘2018 Gyeonggi Tourism Status Survey’, which included this information. The report analyzed [...]
SEOUL, May 14 (Korea Bizwire) — South Korean financial firms plan to spend a total of 585 billion won (US$492 million) this year to adopt new technologies, such as artificial intelligence and big data analytics, data showed Tuesday. The planned spending reflects efforts by financial authorities to take deregulatory actions and cut red tape to [...]
SEOUL, Apr. 17 (Korea Bizwire) — The Seoul Metropolitan Government has decided to focus on big data to reduce commuting time. The city announced on Tuesday that it will set up a database of the commuting population using big data from public transportation and communication services to establish residence and traffic policies. The city signed [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s No. 1 mobile carrier, SK Telecom Co., said Wednesday it will collaborate with U.S. software giant Microsoft for big data solutions to expand its presence in the global market. SK Telecom said it signed a development and global business cooperation agreement with Microsoft in Silicon Valley to [...]
SEOUL, Feb. 12 (Korea Bizwire) — Lawmakers have submitted a bill that would allow broader access to private information, on the condition that the data is tightly veiled under pseudonyms, parliamentary officials said Tuesday. Signed on by 10 legislators, the bill proposes allowing data holders to release personal information for use other than intended purposes [...]
SEOUL, Jan. 25 (Korea Bizwire) — Big data technology was used to find blind spots in the welfare system in the city of Anseong, Gyeonggi Province. The National Information Resources Service (NIRS) created a ‘welfare map’ of Anseong City using four years of the city’s welfare payment logs, a list of subsidies provided to private [...]
SEOUL, Dec. 24 (Korea Bizwire) — Video footage from closed circuit television shared via online networks is beginning to be used as baseline data for big data analysis, raising demand for related core technology as the world enters the 4th Industrial Revolution. To meet those needs, South Korean tech companies are actively applying for patents [...]
SEOUL, Nov. 19 (Korea Bizwire) — The Seoul Metropolitan Government announced yesterday plans to analyze big data indicating the consumption habits of tourists within the six special tourist zones in Seoul. The move is aimed at activating business activities for small enterprise owners. The Seoul Credit Guarantee Foundation and the Seoul Tourism Organization just inked [...]
SEOUL, Oct. 12 (Korea Bizwire) — Data helps us understand many things about ourselves, but interpreting this data is still within the human purview, says Choi Jae-won, a big data expert and director of Daumsoft. He claimed that analysis and interpretation take on different processes, because “analysis is scientific, while interpretation solely relies on human [...]