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Kakao Unveils AI Model that Can Create Images from Text

Kakao Unveils AI Model that Can Create Images from Text

SEOUL, April 20 (Korea Bizwire) — Kakao Brain, an artificial intelligence (AI) unit of South Korean tech giants Kakao Corp., said Tuesday it had unveiled an AI model designed to create images from text descriptions through the open-source community GitHub. The RQ-Transformer, consisting of 3.9 billion parameters, is a text-to-image AI model that learned 30 [...]

Regulator OKs Kakao’s Bid to Launch Digital Insurance Business

Regulator OKs Kakao’s Bid to Launch Digital Insurance Business

SEOUL, April 13 (Korea Bizwire) — South Korea’s financial regulator on Wednesday approved a digital insurance business by Kakao Corp. in a move that could heat up competition in the fledging digital insurance market. The Financial Services Commission (FSC) made the decision, saying the operator of the country’s leading mobile messenger KakaoTalk has satisfied all [...]

Subway Train Information Offered via Kakao App

Subway Train Information Offered via Kakao App

SEOUL, March 25 (Korea Bizwire) — The Korea Railroad Corp. (KORAIL), a state-run railway operator, said Thursday it will share important information on subway train operations with KakaoMetro subway navigation app starting from Thursday. In case subway train operations are suspended due to accidents or natural disasters, KORAIL will provide emergency notice on the affected [...]

Kakao Taxi Selects Passengers Based on Destination: Seoul City Gov’t

Kakao Taxi Selects Passengers Based on Destination: Seoul City Gov’t

SEOUL, Feb. 24 (Korea Bizwire) — Kakao Mobility Corp.’s taxi-hailing service is selective in choosing passengers depending on their destinations, the Seoul metropolitan government said Wednesday. The city government carried out a fact-finding ‘mystery shopper’ test during the period from October to November last year after complaints poured in from citizens having difficulty calling taxis, [...]

T Map Mobility, Kakao Make Forays into ‘Middle-Mile’ Market

T Map Mobility, Kakao Make Forays into ‘Middle-Mile’ Market

SEOUL, Jan. 19 (Korea Bizwire) — The local market for middle-mile delivery, a business-to-business (B2B) logistics that delivers goods from factories to logistics warehouses or sales outlets by truck, is emerging as a new battleground for mobility platforms. T Map Mobility, a mobility unit under telecom operator SK Telecom Co., acquired a 100 percent stake [...]