SEOUL, Jun. 29 (Korea Bizwire) — LG Electronics Inc. said Thursday it will supply its advanced driver-assistance system (ADAS) cameras to a premium German carmaker, tapping deeper into the vehicle components business. Through the deal, the South Korean company will supply camera modules and software to its German counterpart. LG did not reveal the name [...]
SEOUL, Nov. 1 (Korea Bizwire) – Two Hyundai Motor Group affiliates – Hyundai Motor Company and Kia Motors – unveiled their latest project on Monday, the development of an exclusive operating system for connected cars dubbed the Connected Car Operating System (ccOS). The new operating system is a software platform that will have the capacity [...]
SEOUL, Sept. 7 (Korea Bizwire) – The idea of robots replacing human jobs has long been a popular subject for debate and science fiction films. But amid recent advancements in AI technology, and concerns that some of these ideas may become reality, a recent report by the Software Policy & Research Institute (SPRi) submitted an [...]
SEOUL, July 13 (Korea Bizwire) – According to a Hyundai Research Institute report entitled ‘The Trend of Promising Industries Related to Internet of Things (IoT)’ revealed on July 12, the global IoT market is expected to swell from $300 billion in 2015 to $1 trillion by 2020, with 28.8 percent annual growth. For South Korea, experts foresee [...]
SEOUL, June 9 (Korea Bizwire) – South Korea’s ICT and transport ministries agreed Thursday to step up cooperation in developing drones, self-driving cars and smart cities. The Ministry of Science, ICT and Future Planning and the Ministry of Land, Infrastructure and Transport are two key government organizations in charge of exploring the nation’s fresh growth [...]
SEOUL, March 24 (Korea Bizwire) — South Korea’s ICT and industry ministries said Tuesday they will make an investment of 5.6 trillion won (US$5.05 billion) by 2020 on key emerging business areas such as the Internet of Things (IoT) in a bid to seek new growth sources. The move came after the Ministry of Science, ICT [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics Inc., which recently has been making efforts to tap deeper into the automobile sector, said Wednesday it has provided electronic parts to a concept car made by Italdesign Giugiaro, a design arm of Germany’s Volkswagen Group. LG said the concept car [...]
SEOUL, June 29 (Korea Bizwire) – LG Electronics (LG) became the newest member of the Open Automotive Alliance (OAA), joining global automakers and technology companies including Google, General Motors, Hyundai, Honda, and NVIDIA. From 2012, the alliance has been dedicated to introducing greater connectivity into cars through the innovative application of the Android platform. LG showcased [...]
SEOUL, May 13 (Korea Bizwire) – As Samsung Electronics and Hyundai Motors have shown interest in smart car-related technologies following the footsteps of Apple and Google, the prices of stocks in this area are ascending fast. The share price of MDS Tech has risen 54.26 percent while those of Bridgetec and Infobank have gone up [...]