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S. Korea to Spend Big on Next-generation Chip Sector

S. Korea to Spend Big on Next-generation Chip Sector

SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]

Aircraft Manufacturer KAI to Develop 3 Satellites by 2025

Aircraft Manufacturer KAI to Develop 3 Satellites by 2025

SEOUL, Dec. 31 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Tuesday it will develop three satellites by 2025 in the second phase of the country’s satellite development project. KAI and the Korea Aerospace Research Institute (KARI) plan to jointly develop three midsized satellites that are capable of conducting [...]

S. Korea to Spend 300 bln Won to Develop Midsized Next-generation Satellites

S. Korea to Spend 300 bln Won to Develop Midsized Next-generation Satellites

SEOUL, Apr. 28 (Korea Bizwire) – South Korea will spend 300 billion won (US$264 million) on developing three medium-sized next-generation satellites to improve the country’s knowledge of space science and permit better management of agricultural resources and the environment, the science ministry said Sunday. The 2019-2025 plan approved by the National Space Committee calls for [...]

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]

Samsung, Mexican Government Team Up to Expand Educational Opportunities in Mexico

Samsung, Mexican Government Team Up to Expand Educational Opportunities in Mexico

MEXICO CITY, Aug. 14 (Korea Bizwire) — It was announced on Saturday that Samsung Electronics and the Secretaría de Comunicaciones y Transportes, Mexico’s Ministry of Communications and Transport, have shaken hands on a deal that will see the Korean company support the Puntos México Conectado (PMC) initiative carried out by the ministry. The initiative is part [...]