SEOUL, Jan. 7 (Korea Bizwire) — Public awareness of the Fourth Industrial Revolution has risen in the COVID-19 pandemic era, a poll showed Thursday. The Fourth Industrial Revolution refers to a highly connected economy supported by advances in such areas as 5G, artificial intelligence (AI), big data and Internet of Things. The presidential committee on [...]
SEOUL, Jul. 12 (Korea Bizwire) — Among major listed companies in South Korea, only 15 percent have jumped into projects related to key technologies of the fourth industrial revolution over the past 10 years, according to a recent report. The Korea Economic Research Institute (KERI) studied the data of 132 companies listed on the Korea [...]
DAEJEON, Apr. 25 (Korea Bizwire) — South Korea has cut short the patent application process for a number of technologies that are part of the so-called ‘Fourth Industrial Revolution’. The Korean Intellectual Property Office (KIPO) launched a fast track today for patent applications for a select few technologies including 3D printing, self-driving, big data, cloud computing [...]
SEOUL, March 8 (Korea Bizwire) – About 800,000 jobs are expected to be lost by 2030, in such areas as retail sales, driving, shipping and cleaning, due to technological advances driven by the fourth industrial revolution, a study showed Thursday. But the revolution is expected to create 920,000 more jobs in information and communication technology, engineering, healthcare, culture and arts, and other areas, the labor ministry study conducted jointly by state and civilian research institutes showed. The [...]
SEOUL, Feb. 8 (Korea Bizwire) – An ad hoc presidential healthcare subcommittee has announced a medical diagnostic and consulting system which can predict the onset of illness based on hospital records, prescription history, one’s individual genetic database and information on day-to-day habits and behaviors will begin development. This system is included in the subcommittee’s core [...]
SEOUL, Feb. 7 (Korea Bizwire) — Personal data that has undergone “anonymization” — made anonymous to render the identification of the individual the data was generated from impossible — will no longer fall under the confines of the Personal Information Protection Act, for which the stated purpose is to “provide for the processing and protection [...]
SEOUL, Jan. 31 (Korea Bizwire) — Demand for outdoor equipment requiring portable power generators is on the rise thanks to the proliferation of mobile gadgets and a growing public interest in outdoor recreational activities. To meet this demand, a host of ideas have been lodged with the Korean Intellectual Property Office; on January 30, the [...]
SEOUL, Jan. 30 (Korea Bizwire) — The government has unveiled a comprehensive technology road map to prepare for the Fourth Industrial Revolution, including plans to upgrade smart factories by 2020. The Ministry of SMEs and Startups has released the ‘SMEs Technology Road Map 2018 – 2020′, in which 236 technology development projects in a total [...]
SEOUL, Dec. 1 (Korea Bizwire) – The government is aiming to increase South Korea’s healthy life expectancy from 73 to 76 by 2022 with the aid of technological innovations spearheaded by the emergence of precision medicine and expedited R&D efforts in pharmaceuticals. 1 In a document released on November 30 detailing the various measures necessary to [...]
SEOUL, Nov. 24 (Korea Bizwire) – Apart from semiconductors, a large segment of Chinese industry has already caught up to South Korea according to Chairman Jin Sae-dae of Skylake Investment Co, who said at a “CEO Book Club” congress on November 23 that Chinese companies were progressing rapidly into new business sectors thanks to a [...]