Internet of Things Archives | Be Korea-savvy
Samsung Looks to Expand Clout in Europe’s Built-in Home Appliance Market

Samsung Looks to Expand Clout in Europe’s Built-in Home Appliance Market

BERLIN, Sept. 6 (Korea Bizwire) — Samsung Electronics Co. will bolster efforts to expand its presence in Europe’s built-in home appliance market with the launch of its customizable refrigerator lineup BESPOKE, its chief executive said. Since its debut in South Korea in June, BESPOKE made a splash in the domestic market with various options for [...]

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

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 Introduces IoT Phones Designed to Protect Senior Citizens

Incheon Introduces IoT Phones Designed to Protect Senior Citizens

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, [...]

AI Breakthrough for Flatfish Aquaculture on Jeju Island

AI Breakthrough for Flatfish Aquaculture on Jeju Island

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 [...]

Nodle.io Raises $1.5M Seed Funding to Bring IoT Cryptocurrency to App Developers

Nodle.io Raises $1.5M Seed Funding to Bring IoT Cryptocurrency to App Developers

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 [...]

Improving Security Solutions Could Grow the Internet of Things Cybersecurity Market by $9-$11 Billion

Improving Security Solutions Could Grow the Internet of Things Cybersecurity Market by $9-$11 Billion

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 to Build Up “IoT City” Project

Seoul to Build Up “IoT City” Project

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 Port to Modernize Network Infrastructure

Busan Port to Modernize Network Infrastructure

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 Schools to Use Internet of Things to Tackle Fine Dust

Busan Schools to Use Internet of Things to Tackle Fine Dust

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 [...]

Lantronix Announces Availability of First Multi-Dimensional Industrial IoT Global Device Management Solution

Lantronix Announces Availability of First Multi-Dimensional Industrial IoT Global Device Management Solution

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 [...]