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LG IoT Ecosystem Expands Capabilities with Amazon Collaboration

LG IoT Ecosystem Expands Capabilities with Amazon Collaboration

BERLIN, Sep. 2 (Korea Bizwire) ― At IFA 2016 in Berlin starting today, LG Electronics (LG) will be demonstrating its expanding smart home ecosystem with more partnerships and collaborations, highlighted by its cooperation with Amazon, the world’s largest e-commerce retailer. With a strategy of Open Partnership, Open Platform, and Open Connectivity in the growing Internet of Things (IoT) field, [...]

2016 K-Startup Grand Challenge Summons Talent from Overseas

2016 K-Startup Grand Challenge Summons Talent from Overseas

SEOUL, Aug. 17 (Korea Bizwire) – The final stages of the 2016 K-Startup Grand Challenge took place Wednesday at the Pangyo Startup Campus in Seongnam, with international experts and businessmen and women from various fields ranging from artificial intelligence and virtual reality technology to UAVs and videogames in attendance.  A total of 2,439 teams from [...]

European Home and Commercial Automation Leader SOMFY Joins ZigBee Alliance Board of Directors

European Home and Commercial Automation Leader SOMFY Joins ZigBee Alliance Board of Directors

DAVIS, CA, Aug. 9 (Korea Bizwire) – The ZigBee Alliance, a non-profit association of companies creating, maintaining and delivering open, global standards for the low-power wireless Internet of Things (IoT), today announced that SOMFY has joined the ZigBee Alliance at the Promoter level and accepted a seat on its Board of Directors. This addition demonstrates [...]

SK Telecom, European Firms Seek Roaming Service on Internet of Things

SK Telecom, European Firms Seek Roaming Service on Internet of Things

SEOUL, July 14 (Korea Bizwire) – SK Telecom Co., South Korea’s top mobile carrier, on Thursday said it plans to jointly develop network servers and other devices with European firms for a low-power Internet of Things (IoT) technology.  The planned cooperation with European firms, which included France’s EGM and CEA that support the LoRa technology [...]

Korean IoT Market to See 38% Annual Growth, Reach ₩17 Trillion by 2020

Korean IoT Market to See 38% Annual Growth, Reach ₩17 Trillion by 2020

SEOUL, July 13 (Korea Bizwire) – According to a Hyundai Research Institute report entitled ‘The Trend of Promising Industries Related to Internet of Things (IoT)’ revealed on July 12, the global IoT market is expected to swell from $300 billion in 2015 to $1 trillion by 2020, with 28.8 percent annual growth. For South Korea, experts foresee [...]

Korea Establishes World’s First Nationwide IoT Network

Korea Establishes World’s First Nationwide IoT Network

SEOUL, July 5 (Korea Bizwire) – SK Telecom (SKT), Korea’s leading network operator, launched a nationwide Internet of Things network Monday that uses its LoRa (long-range) network exclusive to IoT communications. This is the first time for a country to establish an IoT-exclusive nationwide network with a single control center. With the new system, a wide [...]

New Law Allows Personal Information Use Without Consent

New Law Allows Personal Information Use Without Consent

SEOUL, July 1 (Korea Bizwire) – The Korean government is allowing some personal information to be used without an individual’s consent in ICT fields including big data, IoT (Internet of Things), and fintech (financial technology), as long as the information does not reveal the person’s identity. The Ministry of the Interior (MOI) announced on Thursday, June 30, [...]

Internet of Things Vulnerable in a Connected World

Internet of Things Vulnerable in a Connected World

SEOUL, June 20 (Korea Bizwire) – Last year, hackers took over a Jeep Cherokee travelling on a highway in the United States. They breached the vehicle’s Uconnect system from some 15 kilometers away with a single laptop, controlling everything from the car’s air conditioning system to the windshield wipers.  The age of the Internet of [...]

Tech Firms Display Smart Technologies at World IT Show

Tech Firms Display Smart Technologies at World IT Show

SEOUL, May 17 (Korea Bizwire) — South Korea’s top tech giants and mobile carriers promoted their latest technology at the World IT Show (WIS), which opened in Seoul on Tuesday to showcase smart solutions to everyday life. More than 450 technology firms from home and abroad are participating in the annual event scheduled to continue [...]