SEOUL, Nov. 17 (Korea Bizwire) – In a landmark development, a dual-class voting rights system long advocated by the venture capital industry has been implemented in South Korea for the first time. Under this new framework, shares now carry a maximum of 10 voting rights each. In the past, there have been cases where company founders [...]
SEOUL, Sept. 3 (Korea Bizwire) — At a pharmacy or a clinic, pill counting is a common routine that pharmacists or pharmacy technicians have to undergo to ensure that an accurate amount of medication is distributed and a patient gets an accurate dosage. And it is also part of inventory management that druggists have to [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korean digital health care startup HoneyNaps Co. said Monday its artificial intelligence-based sleep sensing software, Somnum, has won approval for sale from U.S. drug authorities. The U.S. Food and Drug Administration (FDA) granted Section 510(k) clearance, or premarket notification, to Somnum, demonstrating that the medical device is safe [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it will join hands with U.S. investment firm Clearbrook LLC to raise more than US$100 million to invest in industries of the future, including digital health, renewable energy and artificial intelligence. The South Korean tech company said its North American Innovation Center (LG NOVA) [...]
SEOUL, July 9 (Korea Bizwire) – The 1997 sci-fi movie “The Fifth Element” features a futuristic city filled with flying cars zooming in and out of the gaps between buildings hundreds of meters above the ground. Some 26 years later, things have developed enough that it is feasible for people to think the world is [...]
SEOUL, April 26 (Korea Bizwire) — Hanwha Aerospace Co., an aerospace business unit of chemical-to-financial conglomerate Hanwha Group, has invested in an Israeli startup that is developing anti-jamming technology to prevent global positioning system (GPS) signal interference. The company on Tuesday announced its participation in the Series A investment round for infiniDome in collaboration with [...]
SEOUL, March 17 (Korea Bizwire) — Fashion retailers analyze all the previous years’ data to build a plan that offers the right kind of product at the right place, time, quantity and price. The process, called merchandise planning, involves selecting an item, designing the product and determining the ways to sell the product. But merchandise [...]
SEOUL, Feb. 27 (Korea Bizwire) — Prinker Korea Inc., a South Korean startup, claimed Monday that LG Household & Health Care Ltd. has stolen the idea of its customized tattoo printing device, called Prinker M, and created a copycat product. Prinker said LG H&H applied for a design patent under the name of “tattoo printer” [...]
SEOUL, Feb. 17 (Korea Bizwire) — When the latest version of ChatGPT 3.5 was launched by Open AI late last year, a new battle for artificial intelligence chatbots heated up across the world. While tech giants and startups alike are dreaming of forming the industry and reshaping what people want from search features, Microsoft Corp. [...]
SEOUL, Feb. 6 (Korea Bizwire) — While Korean TV series, films and K-pop, like “Squid Game” (2021), “Parasite” (2019) and BTS, have made their presence felt in the world in recent years, demand for Korean language has exploded with many young people across the globe searching for language learning applications. A recent CNN news report [...]