HWASUNG, Oct. 14 (Korea Bizwire) – Teams from Hyundai Motor Group have suggested various ideas about the future of motor vehicles. From automobile advancements to augmented reality (AR), Hyundai researchers are dreaming big as they envision future transportation. On October 13, the ’2015 R&D Idea Festival’ was held at Hyundai’s Namyang research center. Teams of [...]
SEOUL, Sept. 10 (Korea Bizwire) – IoT (Internet of Things) technologies are revitalizing declining industries, such as the camera, clock and apparel businesses. Their success is said to result from winning the hearts of the ‘Millennial‘ generation. A report issued by the KT Economy and Management Research Center explains that by grafting IoT technology to typical [...]
SEOUL, Sept. 8 (Korea Bizwire) – In order to succeed in the IoT (Internet of Things) market, which is the blue chip of the ICT (Information and Communications Technology) industry, many companies are seeking a symbiotic relationship instead of a competitive one. Home electronics companies and telecommunications companies that provide a formless platform are entering the [...]
SEOUL, Aug. 10 (Korea Bizwire) – Industry watchers are suggesting that Samsung Electronics might find itself stuck between the US and China in the home Internet of Things (IoT) business. A report issued by the KT economic research laboratory predicted that Apple and Google will dominate the platform, and Chinese companies will be a conspicuous entity in [...]
SEOUL, July 17 (Korea Bizwire) – NHN Entertainment, a renowned mobile game publisher, is transforming itself into a composite IT service company by introducing Internet of Things products as well as a payment solution. On July 16, NHN Entertainment introduced a cloud-based IP camera called TOAST Cam. With its cloud technology sending images to data centers [...]
SEOUL, May 26 (Korea Bizwire) — LG Hausys has launched a smart window whose functions, including opening and closing, setting alarms, ventilation and lighting can be controlled by a smartphone. The company announced on May 25 that users can open and close its new ‘Smart Window’ wherever they are, through a smartphone app. Users can [...]
SEOUL, April 6 (Korea Bizwire) — Seoul’s Bukchon Village has been designated as a model town for the city’s IoT city project, said government officials on April 5. The city will establish various measures to solve noise and littering problems caused by a recent influx of tourists into Bukchon Village, by developing IoT platforms for the town. [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korean lenders and technology firms are quickly uniting in their latest efforts to jump on the FinTech bandwagon as the once-high boundary between the two industries is blurring with the rise of mobile banking, market watchers said Tuesday. Woori Bank, the flagship unit of state-run financial group Woori [...]
SEOUL, Jan. 27 (Korea Bizwire) – South Korea’s top mobile carrier, SK Telecom Co., said Tuesday it has agreed with U.S.-based Intel Corp. to exchange technology know-how and search for business opportunities in the Internet of Things (IoT) industry. The two firms signed memorandums of understanding on a joint project that gives access to each [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group invested in an Israeli healthcare venture, Early Sense, which Samsung Electronics CEO Yoon Boo-geun mentioned in his keynote speech at the opening of CES 2015. According a venture investment business source, Samsung Venture Investment closed the fundraising worth US$20 million for Early Sense. Samsung invested US$10 million, and the [...]