SEOUL, Sept. 27 (Korea Bizwire) – South Korea should realign its export structure by boosting the portion of the service sector while reducing dependence on the manufacturing segment amid digital transformation and the artificial intelligence era, a central bank report said Friday. The Bank of Korea (BOK) said the country’s manufacturing sector accounted for 27 [...]
SEOUL, Mar. 7 (Korea Bizwire) – A recent analysis conducted using the generative AI ChatGPT on the annual management messages of top companies has revealed that the advancements in digital transformation (DX) and artificial intelligence (AI) are seen as both a crisis and an opportunity for South Korean businesses. On March 6, the Korea Chamber of [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Elevator Co., South Korea’s leading elevator maker, has teamed up with telecom giant KT Corp. to promote the digital transformation (DX) of elevators. After signing a memorandum of understanding (MOU) on Tuesday, the two parties announced that they will promote new ventures by integrating elevators with artificial intelligence [...]
SEOUL, June 23 (Korea Bizwire) — South Koreans will have the option to conveniently verify their identities through mobile identification cards and all civil application services will be able to be conducted in a non-face-to-face manner by 2025, the government said Wednesday. The planned introduction of mobile ID cards and other measures are included in [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korean telecom giant KT Corp. said Wednesday it was launching a trial of an artificial intelligence (AI)-based digital transformation (DX) service for the restaurant industry in collaboration with local dining company Sun at Food Co. The service allows restaurant customers to speak their requirements to a KT AI [...]
SEOUL, April 21 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, is going to transform its business structure with a focus on digital services and eco-friendly management policies. The move is aimed at overcoming the limitations of the petroleum refining industry, which is a major business but is [...]
SANTA CLARA, Calif., Jul. 17 (Korea Bizwire) — Bizagi, the world’s leading Intelligent Process Automation platform provider, today announced significant growth in the U.S. and abroad driven by its success enabling digital transformation for world leading brands such as DHL, Gap, Citizens Bank, AON and numerous U.S. government agencies including the Departments of Agriculture, Defense, [...]
LONDON, Apr. 2 (Korea Bizwire) — Organisations should focus on developing stronger digital skills and capacity in their risk function in order to make more informed decisions about risk in a technology-driven world, according to the eighth edition of PwC’s Risk In Review study. The 2019 study has found that while many organisations have already [...]
IRVINE, Calif., Feb. 13 (Korea Bizwire) — Kofax®, a leading provider of software to simplify and transform the First Mile™ of business, today announced that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (the bank), a commercial banking subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), will leverage Kofax Kapow™ and the Kofax TotalAgility® platform to automate [...]
MINNEAPOLIS, May 28 (Korea Bizwire) – Target Corp. goes digital. On May 28, the retailer announced it has formed a Digital Advisory Council, which will help guide Target’s omnichannel strategies and push Target to innovate faster, and discover new ways to leverage technology to enhance the guest experience – both online and in stores. The [...]