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S. Korea to Inject 1.1 tln Won into Autonomous Driving Projects

S. Korea to Inject 1.1 tln Won into Autonomous Driving Projects

SEOUL, Jan. 14 (Korea Bizwire) — South Korea will inject 1.1 trillion won (US$999 million) into projects to develop autonomous driving technologies and establish related infrastructure by 2027, government officials said Thursday. The Ministry of Trade, Industry and Energy; the Ministry of Science and ICT; the Ministry of Land, Infrastructure and Transport; and the Korean [...]

S. Korea to Invest 125 bln Won in AI Chips This Year

S. Korea to Invest 125 bln Won in AI Chips This Year

SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday it will invest 125.3 billion won (US$114.1 million) this year to support the development of neural processors, up 75 percent from last year. Neural processing units refer to high-performance and low-powered logic chips that specialize in artificial intelligence (AI) services, according to the [...]

Fitness Clubs Protest Against Govt’s Extension of Social Distancing Period

Fitness Clubs Protest Against Govt’s Extension of Social Distancing Period

SEOUL, Jan. 5 (Korea Bizwire) — A number of fitness and pilates clubs in South Korea are taking a collective action to protest against the government’s latest decision to extend the Level 2.5 social distancing period by two additional weeks. During the extended period, fitness and pilates clubs will have to remain closed. Nonetheless, some [...]