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Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]

Seoul’s Subway System Attracts International Plaudits

Seoul’s Subway System Attracts International Plaudits

SEOUL, July 31 (Korea Bizwire) – Seoul’s subway system continues to receive praise from international media outlets over a number of features including its efficient payment system and wide internet coverage. Seoul Metro said on Sunday that TripAdvisor, one of the largest international travel websites, recommended its users last year to take the subway if they [...]

Coca-Cola, KT Named Sustainability Partners for PyeongChang 2018

Coca-Cola, KT Named Sustainability Partners for PyeongChang 2018

SEOUL, July 17 (Korea Bizwire) – Coca-Cola and KT have been named the first sustainability partners for the 2018 PyeongChang Winter Olympics, the event’s organizers said Monday. The PyeongChang 2018 organizing committee noted that Coca-Cola is undertaking a water quality project in the PyeongChang area, and that KT, PyeongChang’s local telecommunications partner, is seeking to [...]

KT-led Consortium to Monitor Infectious Diseases Using Big Data

KT-led Consortium to Monitor Infectious Diseases Using Big Data

SEOUL, Jul. 7 (Korea Bizwire) — A consortium led by telecom giant KT Corp. will monitor and combat infectious diseases in real-time by using big data, the company said Friday. The consortium was selected by the Ministry of Science, ICT and Future Planning to establish the big data system for monitoring and surveillance of the [...]

BC Card to Adopt Blockchain Technology for Improved Productivity

BC Card to Adopt Blockchain Technology for Improved Productivity

SEOUL, Jul. 5 (Korea Bizwire) — South Korean credit card company BC Card is adopting KT’s blockchain-based electronic signature capture system (ESC), a world’s first, which could slash the time spent processing electronic signatures by up to 70 percent. The collaboration between the South Korean telecom giant and BC Card will see the blockchain technology, which [...]

IoT Subscribers Surpass 6 mln in S. Korea

IoT Subscribers Surpass 6 mln in S. Korea

SEOUL, Jul. 5 (Korea Bizwire) — The number of subscribers to Internet-of-Things (IoT) services in South Korea is presumed to have surpassed the 6 million mark last month, government data showed Wednesday. According to the data compiled by the Ministry of Science, ICT and Future Planning, the number of South Koreans using IoT-related services came [...]

Are South Koreans Paying Too Much for Their Mobile Phone Plans?

Are South Koreans Paying Too Much for Their Mobile Phone Plans?

SEOUL, Jun. 24 (Korea Bizwire) — When it comes to cell phone bills in South Korea, the overwhelming public sentiment is that people think they are paying too much at the moment. The row between the government and telecom companies over efforts to reduce phone bills in recent years mirrors the frustration very palpable in a [...]

Telecom Networks Keep an Eye on Goverment’s move to cut telecom costs

Telecom Networks Keep an Eye on Goverment’s move to cut telecom costs

SEOUL, June 19 (Korea Bizwire) – South Korea’s mobile carriers are keeping a watchful eye on possible moves by the government to cut subscription costs for telecom services that will impact their earnings, industry watchers said Sunday. The Ministry of Science, ICT, and Future Planning will hold a session with the State Affairs Planning Advisory [...]