HONG KONG SAR, March 10 (Korea Bizwire) - History is littered with the names of once dominant companies that were so focused on their successful core businesses that they failed to embrace innovative new ideas until it was too late. But introducing change can be difficult in modern organisations, as it typically involves dealing with contradictory requirements [...]
SEOUL, May 28 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced on Monday that it will invest 150 billion won (US$126 million) until 2023 to support innovative businesses. The city will kick off the project this year by investing 10 billion won to test various technologies developed by 50 companies. Participating companies will be [...]
SEOUL, Jan. 29 (Korea Bizwire) – When it comes to innovation and new business models, free rider problems are among the most discouraging practices in the tech industry. Start-ups and SMEs have complained incessantly that conglomerates snatch away and make illicit use of fresh new ideas originally conceived by bright-minded entrepreneurs, thereby severely damaging their [...]
SEOUL, Dec. 30 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Thursday some of the most successful ventures by startups and SMEs funded or supported by the Center for Creative Economy & Innovation. One of the companies introduced was 247 Korea, which manufactures a self-protection smartphone case that can automatically send [...]
DAEJEON, Nov. 10 (Korea Bizwire) – The grand prize (Presidential Award) at the 2016 University Competition for Original Inventions went to a team from Cheongju University for their “bi-directional wheelchair”. The idea is to remove the inconvenience of conventional wheelchairs that only allowed patients to sit in a single direction, which made it uncomfortable or [...]
SEOUL, Sept. 28 (Korea Bizwire) – Nearly 30 billion won (US$27 million) in revenue was generated from an online platform to commercialize creative ideas in the past three years, the science ministry said Wednesday. In September 2013, the government launched the website, “creative economy town,” that invites anyone to post and market creative ideas. The [...]
SEOUL, Aug. 16 (Korea Bizwire) – South Korea was ranked the 11th most innovative country in the world, a recent report by a United Nations agency showed Tuesday. The 2016 innovation ranking released by the U.N. World Intellectual Property Organization (WIPO) marks a solid improvement from last year when the agency ranked South Korea as [...]
SEOUL, Aug. 2 (Korea Bizwire) – The Korean economy is changing, with startups meeting both success and failure, and companies that fail to adapt to the new market realities will eventually perish. In a recent survey conducted by the Korea Chamber of Commerce & Industry (KCCI) and 71 regional organizations, 49.9 percent of 2,400 surveyed [...]
SEOUL, June 7 (Korea Bizwire) – Hospitals are often a child’s worst nightmare, but some recent developments might make them more inviting places. A total of 14 teams participated in the Seoul City Health Care Make-A-Thon, which took place on May 21 to 22, where 70 contestants from 15-year-old students to doctors and nurses came [...]
SEOUL, May 24 (Korea Bizwire) – The latest outlook anticipates that the iPhone 7, which is expected to be released in September, may not have a big impact in developed markets like North America and Europe. Experts say that high levels of technological innovation have already provided features and specifications that meet the needs of [...]