SEOUL, March 29 (Korea Bizwire) – IBM’s Watson artificial intelligence (AI) system has selected globally ‘hot’ products, with the world’s interest in AI increasing following the epic Go match between Google Deep Mind’s AlphaGo and professional Go player Lee Se-dol. Previously, there have been many cases in which consumer reports, journals or market assessment bodies selected products [...]
SEOUL, March 17 (Korea Bizwire) – The South Korean government announced Thursday it would spend 1 trillion won (US$840 million) by 2020 to boost the artificial intelligence industry. It also plans to support the civilian-led establishment of a high-profile research center tasked with serving as a “pivot” of the nation’s research and development in the field. [...]
SEOUL, March 9 (Korea Bizwire) – South Korea’s industry ministry said Wednesday it will make efforts to provide Samsung Electronics Co. with a stable power supply to its new factory under construction in Pyeongtaek, Gyeonggi Province, in line with its efforts to eradicate hurdles in corporate investment. The remark came as the South Korean tech giant [...]
SEOUL, March 7 (Korea Bizwire) – Samsung Electronics Co. continued to sit on the throne of the world’s NAND flash market in the fourth quarter of 2015, data showed Sunday, expanding the gap with other smaller rivals around the globe. The South Korean tech giant accounted for 33.6 percent of the market in the October-December period, [...]
China-based tech giant Xiaomi Inc., which has been sluggish in tapping overseas markets due to copyright-related issues, is set to speed up its expansion with a new flagship, industry sources said Thursday, engaging in new battles with top brands like Samsung and Apple in South Korea. (Image : Yonhap) SEOUL, March 3 (Korea Bizwire) – [...]
SEOUL, March 2 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Wednesday it has joined forces with U.S. commerce giant Amazon.com Inc. to apply Internet-of-Things (IoT) technology to its printers. Users of Samsung-made printers in the United States can set their products to automatically order ink using a mobile app that [...]
SEOUL, Feb. 26 (Korea Bizwire) – U.S. hedge fund Elliott Associates denied allegations Friday over a possible breach of local disclosure rules regarding Samsung C&T Corp., stressing a series of processes for its Samsung stake purchase were “perfectly legal.” Elliott made the claim ahead of a prosecution probe on suspicions that it illegally “parked” its [...]
SEOUL, Feb. 25 (Korea Bizwire) - Samsung Electronics Co. said Thursday it started the mass production of a 256-gigabyte (GB) memory chip for high-end smartphones, less than a year after it kicked off the 128-GB model. The South Korean tech giant said the new Universal Flash Storage (UFS) boasts speed that is nine times faster than [...]
SEOUL, Feb. 24 (Korea Bizwire) - South Korea’s financial authorities on Wednesday referred U.S. hedge fund Elliott Associates to state prosecutors for allegedly violating local disclosure rules when it tried to prevent a merger of two Samsung Group affiliates last year. The Securities and Futures Commission said Elliott abused the total return swap (TRS) system to [...]
SEOUL, Feb. 22 (Yonhap) - In the face of sagging global smartphone sales, Samsung Electronics Co. and LG Electronics Inc. are jostling to win back customers with new gadgets boasting much-upgraded cameras and the novel technology of virtual reality (VR). Samsung showed off its flat screen Galaxy S7 and curved screen Galaxy S7 Edge on Sunday [...]