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‘New Normal’ Under COVID-19 a Boon for New Technology

‘New Normal’ Under COVID-19 a Boon for New Technology

SEOUL, April 20 (Korea Bizwire) — The coronavirus pandemic is propagating rapidly across the globe, boosting the popularity of so-called “untact” services, and promoting Fourth Industrial Revolution technology based on artificial intelligence. Many companies have been increasing spending on automation, including robot purchases, in light of the pandemic. The International Federation of Robotics estimates that [...]

Hyundai Develops ‘Active’ Transmission Technology for Hybrid Vehicle

Hyundai Develops ‘Active’ Transmission Technology for Hybrid Vehicle

SEOUL, Jul. 19 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest carmaker, said Friday it has developed the world’s first active shift control (ASC) technology for hybrid vehicles. The new technology improves gear-shift efficiency for hybrid vehicles, according to Hyundai Motor. It will be applied to the upcoming Sonata hybrid and the group’s other [...]

Financial Firms to Spend 585 bln Won to Adopt New Technologies

Financial Firms to Spend 585 bln Won to Adopt New Technologies

SEOUL, May 14 (Korea Bizwire) — South Korean financial firms plan to spend a total of 585 billion won (US$492 million) this year to adopt new technologies, such as artificial intelligence and big data analytics, data showed Tuesday. The planned spending reflects efforts by financial authorities to take deregulatory actions and cut red tape to [...]

Hyundai Mobis First to Commercialize Integral ECU-Installed Active Seatbelts in Korea

Hyundai Mobis First to Commercialize Integral ECU-Installed Active Seatbelts in Korea

SEOUL, Korea, Dec 12 (Korea Bizwire) – On December 12th, Hyunday Mobis announced that it had recently finished its Active Seatbelt(ASB) development project and started commercializing ASBs by having them installed in new Genesis that was just released. ASB is a smart safety system designed to minimize the injuries of the passengers with a special [...]