SEOUL, Jul. 4 (Korea Bizwire) — The 6th Water Gun Festival will be held in Sinchon on July 7 and 8 to help city dwellers and visitors to cool off from the sweltering heat. The festival will run from 11 a.m. to 9 p.m. on the first day, while on the second day, water gun [...]
Earlier May, LG Electronics announced it had made equity investment in Acryl, a local AI startup. (Image courtesy of LG Elecs) SEOUL, May 29 (Korea Bizwire) – LG Electronics Inc. said Tuesday it plans to invest 53.6 billion won (US$49.67 million) in acquiring stakes in Robostar Co., a local robot manufacturing firm, as part of [...]
SEOUL, May 17 (Korea Bizwire) — As a woman in her 40s enters a clothing store with her daughter, a “smart” CCTV camera recognizes her as a regular customer, delivering her personal information to a welcome robot, which then greets both the female customer and her daughter. As the customer moves around the shop, custom-fit [...]
SEOUL, Mar. 5 (Korea Bizwire) — Hyundai Heavy Industries Co. said Sunday it will use robots to build ships for the first time in the industry to improve efficiency and cut costs. The world’s largest shipbuilder has recently completed a year of testing of a robotic system that automatically shapes a vessel’s 3-D curved surface [...]
SEOUL, Jan. 12 (Korea Bizwire) — LG Electronics Inc. said Friday that it has acquired a 10.12 percent stake in Robotis, a local robot maker, in the latest move to build its presence in the automation business. The South Korean consumer tech giant purchased about 9 billion won (US$8.4 million) worth of Robotis stock, after [...]
SEOUL, Sept. 7 (Korea Bizwire) — The state promotion agency said Thursday it will reinforce the big data platform, providing consulting to small businesses seeking business opportunities abroad that was launched earlier this year. The Korea Trade-Investment Promotion Agency (KOTRA) introduced the KOTRA Big Bot, constructed from the words big data and robot, in May [...]
SEOUL, Aug. 10 (Korea Bizwire) — The government is making big plans to adapt to advances in technology. On August 9, the Ministry of the Interior and Safety announced a preliminary framework for incorporating artificial intelligence, big data and internet of things (IoT) to streamline government services. One example of the government’s efforts is a proposed [...]
SEOUL, Jul. 21 (Korea Bizwire) — LG Electronics Inc. said Friday it introduced commercial robots to Incheon International Airport, announcing the move will work as a stepping stone for the company to tap deeper into the industry. The South Korean tech giant said it deployed five cleaning and information robots, respectively, to South Korea’s main [...]
SEOUL, April 26 (Korea Bizwire) – Lotte Department Store’s Myeongdong location became South Korea’s first retail outlet on Monday to introduce robot shopping assistant “el Bot.” The 1.2-meter-tall machine is capable of providing various information to shoppers, according to officials. For example, it can recommend and give directions to restaurants inside the department store, or [...]
SEOUL, Apr. 26 (Korea Bizwire) — The application of patents for social robots that can interact and communicate with humans has risen sharply in South Korea in recent years with the advances being made in robotics and artificial intelligence, government data showed Tuesday. Social robot patent applications have surged more than 20 percent annually since [...]