SEOUL, March 16 (Korea Bizwire) — South Korea’s data-related technology industry expanded to be worth over 19 trillion won (US$16.76 billion) last year, a report showed Tuesday, as the country seeks to develop the industry as part of its digital New Deal initiative. Sales from the local industry reached an estimated 19.27 trillion won, up [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s data industry expanded more than 14 percent in 2020 from a year earlier to exceed the 19 trillion won level, a survey showed Tuesday. The local market for data stood at 19.3 trillion won (US$17.4 billion) last year, up 14.3 percent from a year earlier, according to [...]
SEOUL, Aug. 31 (Korea Bizwire) — President Moon Jae-in vowed additional government support for the data industry Friday, stressing the need to develop big data into the country’s new growth engine. “The government will fully support the data industry as part of efforts to revitalize our economy. We will establish a new expressway of data [...]