SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s internet-of-things (IoT) device subscriptions hit over 10 million last year on the back of growing use of connected cars and remote control services. As of the end of last year, the number of mobile connections to such devices stood at 10.05 million, up around 2 million from [...]
SEOUL, Dec. 9 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has signed a partnership with Google on smart home solutions as the South Korean tech giant tries to expand its presence in the Internet of Things (IoT) sector. Samsung said its IoT platform, SmartThings, will support Google Nest devices, including thermostats, cameras and [...]
SEOUL, Sept. 21 (Korea Bizwire) — The Seoul Agricultural Technology Center announced Sunday that it has distributed Internet of Things (IoT)-based indoor plant cultivators to local government agencies for a test run. Indoor plant cultivators control lighting, temperature, humidity and nutrients to ensure the stable growth of plants. Each cultivator is 2.25 meters wide, 0.8 [...]
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 [...]
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 [...]