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FIDO Alliance Announces New Identity Verification and IoT Initiatives to Expand the Reach and Impact of FIDO Authentication

WASHINGTON, Jun. 26 (Korea Bizwire) — IDENTIVERSE – The FIDO Alliance today announced two new standards and certification initiatives in identity verification and the Internet of Things (IoT). These initiatives build upon the Alliance’s ongoing focus on driving the efficacy and market adoption of FIDO Authentication by addressing adjacent technology areas that leave security vulnerabilities [...]

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 [...]

S. Korean Security Industry Scrambles to Incorporate Unmanned Technology

SEOUL, May 14 (Korea Bizwire) – The security industry, traditionally known as one of the most labor-intensive sectors, is using artificial intelligence (AI) and Internet of Things (IoT) technology to evolve in the age of the Fourth Industrial Revolution. S-1 Corp., a South Korean security firm and an affiliate of Samsung Group, is offering new [...]

Xiaomi and Light Announce Joint Development Partnership

BARCELONA, Spain, Feb. 25 (Korea Bizwire) — Light, the leader in advanced computational imaging, and Xiaomi Corporation, an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core, today announced the signing of an agreement to jointly develop and market new imaging solutions for smartphones. The partnership [...]

Gov’t Turns to Technology for New Public Service Initiatives

SEOUL, Feb. 21 (Korea Bizwire) — The South Korean government plans to provide a 24-hour civil consultation service, protect victims of crimes using Internet of Things (IoT) technology, and develop a blockchain-based customs system for exporting products. South Korea’s Ministry of Public Administration and Safety announced on Wednesday that it had selected three projects to [...]

Harley-Davidson to Redefine Riding with IBM Cloud

SAN FRANCISCO, Feb. 13 (Korea Bizwire) — IBM Think — Harley-Davidson Motor Company (NYSE: HOG) and IBM (NYSE: IBM) today unveiled how cloud, IoT and AI technologies will reimagine the everyday experience of riding. The new experiences will arrive courtesy of the iconic American motorcycle manufacturer’s first electric motorcycle, LiveWire™, and will transform the motorcycle industry over the [...]

SK Telecom Showcases Smart Office Based on 5G, AI

SEOUL, Feb. 13 (Korea Bizwire) — SK Telecom Co. introduced a smart office based on the 5G network Wednesday, showcasing how the latest ICT technology can empower digital workplaces and enhance productivity. The nation’s top mobile carrier last month opened the smart office in a new skyscraper in downtown Seoul, which adopted cutting-edge technologies, including [...]

LG Uplus Pushes to Complete 5G Network in Major Cities This Year

SEOUL, Jan. 22 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Tuesday it will complete building its 5G infrastructure in major cities by the end of 2019 to get ahead in the next-generation wireless network market. Following the launch of the world’s first 5G network with SK Telecom Co. and [...]

Lantronix to Present at the 21st Needham Growth Conference on Jan. 16

IRVINE, Calif., Jan. 4 (Korea Bizwire) — Lantronix, Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today announced that President and CEO Jeff Benck, and CFO Jeremy Whitaker will present an overview of the Company’s business at the 21st Annual Needham Growth [...]

S. Korea Launches 5G Alliance for ‘Smart Factories’

SEOUL, Dec. 20 (Korea Bizwire) — The South Korean government said Thursday it will work with information and communication technology companies to apply the 5G network in advanced production lines to create “smart factories.” A smart factory is a key concept in the fourth industrial revolution, and is based on an agile, automated manufacturing environment. [...]