SEOUL, Apr. 3 (Korea Bizwire) — The financial regulator and Naver, the top online portal operator, signed an agreement Wednesday on cooperation for the digitalization of the financial sector. Under the memorandum of understanding, the Financial Supervisory Service (FSS) will seek to utilize Naver’s latest information technology, such as artificial intelligence (AI), to boost its [...]
SEOUL, Nov. 29 (Korea Bizwire) — Samsung Heavy Industries Co. said Monday it has signed a deal with Microsoft Korea to cooperate on the digitalization of its shipyard. Samsung Heavy said it plans to build up a collaboration system among each shipbuilding sector in its shipyard by using cloud computing service Azure, artificial intelligence, group [...]
SEOUL, Aug. 5 (Korea Bizwire) — Fewer people are using wallets. Once a popular gift to celebrate birthdays, employment, and others, wallets are increasingly becoming a non-essential item. The reason is simple. Cash, cards, coupons, photos, memos, business cards, identification cards and other items that wallets used to carry are being digitalized. Identification cards, one [...]
SEOUL, Jan. 21 (Korea Bizwire) — The sense of crisis felt by South Korea’s general insurance companies is growing as internet giant Kakao Corp. is pushing to establish the nation’s third digital general insurance company. Against this backdrop, existing insurance companies are accelerating efforts to speed up their digitalization. Hanwha General Insurance Co. introduced the [...]
DAEJEON, Jan. 12 (Korea Bizwire) — The trend of digitalization using artificial intelligence (AI) and 3D printing is increasingly prevalent, even in the dental implant area. The Korea Intellectual Property Office recently said that the number of patent applications in the digital dental implant area shot up to 113 in 2019 from 41 in 2010. [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s government has brought forward the digitalization of public services, as social distancing has become a new normal and face-to-face meetings are no longer desired amid the novel coronavirus pandemic. The government announced Tuesday a revised version of the digital innovation plan for public services, taking into consideration [...]
SEOUL, Oct. 11 (Korea Bizwire) — The construction segment, traditionally considered to be somewhat conservative and manpower-reliant, is bracing for a change with more and more tech startups in queue to instill a new breath into the industry — digitalization that could boost efficiency and productivity. According to data from the Korea Institute of Startup [...]
SEOUL, Apr. 1 (Korea Bizwire) — Local banks reduced their workforces and branch offices last year by the greatest number since 2000, with digitalization-driven downsizing accelerating, data from the financial regulator showed Sunday. The number of employees in the banking sector at the end of last year totaled 111,173, down 3,602 from the previous year, [...]