SEOUL, Aug. 13 (Korea Bizwire) – Financial firms will be allowed to use generative artificial intelligence and cloud computing to develop new innovative products once they secure the means to ensure the security of their networks, the financial regulator said Tuesday. Financial firms have been required to keep their networks separated from the internet since [...]
SEOUL, Feb. 1 (Korea Bizwire) – The Ministry of Employment and Labor has announced the “3rd Basic Plan for Promoting Skilled Technologies” (2023-2027), which includes recognizing experts in emerging technologies such as cloud computing with the Korean Master Hand designation. New fields like cloud computing will be added to the list of eligible occupations for the [...]
Wuhan, China – Oct. 16 (Korea Bizwire) – Atos has renewed its Value-Added Telecommunication Services licenses (VATS licenses) in China, enabling it to run world class digital services and data centers across the country. Atos Cloud Computing has retained the licenses since 2019, being the first authorized foreign-funded company to operate cloud computing VATS regulated activities in several [...]
SEOUL, Dec. 28 (Korea Bizwire) — U.S.-based Amazon Web Services (AWS) remained the leading player in the South Korean market forcloud computing serviceslast year, the country’s antitrust regulator said Wednesday. AWS accounted for 62.1 percent of the local cloud service market in 2021, down from 70 percent tallied in 2020, according to the data compiled [...]
SEOUL, Aug. 26 (Korea Bizwire) — Arming with the right technology and data is critical for survival in the digital age, and that’s why more South Korean companies are scurrying to shift their IT portfolio to cloud computing space to meet a new set of business demands and bring innovation quickly. Cloud computing allows companies [...]
SEOUL, Apr. 18 (Korea Bizwire) — South Korea’s dominant Internet portal and search engine, Naver Corp., said Thursday it aims to focus on its cloud computing business for public and financial service firms by taking on Amazon Inc. and other leading service providers in the burgeoning sector. In April 2017, Naver Business Platform (NBP), an [...]
SEOUL, Dec. 7. (Korea Bizwire) — The financial regulator has eased a rule that will allow financial firms to use personal credit information through a cloud computing service from next year, officials said Friday. So far, financial firms have been allowed to use cloud computing services on businesses that are not related to customers’ information [...]
SEOUL, Jun. 13 (Korea Bizwire) — Naver Business Platform Corp., a cloud service provider under South Korea’s top webportal operator Naver Corp., said Friday it has partnered with Mirae Asset Daewoo, a local financial company, to provide high-performance computing (HPC) cloud solutions. HPC refers to the utilization of supercomputers and other high-end computers to carry [...]
SEOUL, March 20 (Korea Bizwire) – Microsoft Korea, the local unit of U.S. software giant Microsoft Corp., said Tuesday that sales of its open cloud computing platform Azure rose nearly three-fold in one year. Microsoft opened two data center regions in South Korea for Azure in February 2017, one in Seoul and another in the southern port city of Busan. The company’s data center regions are large complexes that [...]
NEWTOWN, Pa., Dec. 5 (Korea Bizwire) — EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of digital platform engineering and software development services, today announced its collaboration with Renesas Electronics, a premier supplier of advanced semiconductor solutions, to develop a cloud computing reference solution optimized for connected cockpit systems, for storage and distribution of facial [...]