SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]
INCHEON, May 8 (Korea Bizwire) — The city of Incheon announced on Tuesday that it will begin offering Internet of Things (IoT) phones to senior residents. The city gave out IoT phones to 1,010 people out of 3,400 senior residents at the senior center in Yeonsu district. The IoT phones are equipped with light, temperature, [...]
JEJU, Feb. 13 (Korea Bizwire) — A new technology that automatically controls fish farming equipment will be developed with artificial intelligence (AI) and the Internet of Things (IoT) for use in flatfish aquaculture on Jeju Island. The Jeju Oceans and Fisheries Institute announced on Tuesday that it has started developing technologies to culture flatfish as [...]
SAN FRANCISCO, Sept. 13 (Korea Bizwire) — Nodle.io, an Internet of Things (IoT) and connectivity network provider, today announced a $1.5 million seed round and the launch of a new cryptocurrency for monetizing IoT connections, applications and data. Nodle.io provides internet connectivity to IoT devices by crowdsourcing a network of smartphones. Currently over 1 million [...]
NEW YORK, May 30 (Korea Bizwire) — Security concerns are a significant roadblock to investment in the Internet of Things (IoT). According to a new Bain & Company report, Cybersecurity is the Key to Unlocking Demand in IoT, 45 percent of IoT buyers say concerns about security remain a significant barrier and are hindering the [...]
SEOUL, April 11 (Korea Bizwire) — Seoul will lean on the IoT devices produced by startups to, among other things, prevent life-threatening accidents from occurring at the city’s camping sites. The city announced today that it has earmarked 2.7 billion won to fund its “IoT City” project. The IoT devices will be used in diverse forms [...]
BUSAN, March 16 (Korea Bizwire) – Busan Port, South Korea’s maritime gateway, will modernize its network infrastructure to efficiently handle cargo traffic and improve safety, the oceans ministry said Friday. The Ministry of Oceans and Fisheries said it will use the Internet of Things (IoT) technology to upgrade the southeastern port’s cargo management system in [...]
BUSAN, Mar. 6 (Korea Bizwire) — A number of schools in Busan are turning to IoT (Internet of Things) technology to protect students from fine dust. According to the Busan Metropolitan Office of Education on Saturday, an IoT-based air quality control system that will help keep the air inside classrooms clean and safe for students will [...]
BARCELONA, Spain, Oct. 4 (Korea Bizwire) — Lantronix, Inc. (the “Company”) (NASDAQ:LTRX), a global provider of secure data access and management solutions for Internet of Things (IoT) assets, today announced availability of MACH10™ Global Device Manager, a ready-to-use industrial IoT application designed to enable OEMs and system integrators to deploy lifecycle management of their connected [...]
FREMONT, Calif., Sept. 27 (Korea Bizwire) — Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for smart TV and Internet of Things (IoT) for smart home, today announces the availability of Z-Wave SmartStart, comprising the new Z-Wave protocol and Z-Wave gateway software layers, which together greatly improve installation and enable uniform out-of-the-box [...]