SEOUL, May 9 (Korea Bizwire) — South Korea will spend 240 billion won (US$204 million) in the next 10 years to develop key semiconductor technologies that can alter the paradigm of the chip industry as a whole, the science ministry said Thursday. The medium-to-long term chip sector growth plan centers around securing know-how in such [...]
SEOUL, May 3 (Korea Bizwire) — Technology plays an integral part in modern warfare, and its role is even more important for countries like South Korea, which faces constant threats from North Korea. In line with changing battlefield dynamics, the South Korean military has been pushing for ways to train soldiers in simulated environments using [...]
SEOUL, Apr. 26 (Korea Bizwire) — The fashion market in Dongdaemun, Seoul, is turning to technology to improve its competitiveness. The Seoul Metropolitan Government announced on Thursday that it held the opening ceremony of “Within 24, Show Your Style” on the second floor of the Lotte Fit-in store in Dongdaemun. “Within 24, Show Your Style” [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s military will seek to employ virtual reality, artificial intelligence and other cutting-edge technologies for field training, defense operations and troop welfare, Seoul’s defense ministry said Friday. Defense Minister Jeong Kyeong-doo convened a session of his ministry’s “smart defense innovation” panel to discuss how to capitalize on such [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., on Thursday announced a business blueprint that moves beyond its existing online and network business and focuses on technology that is linked to the living environment. “The key technological strategy that Naver is pushing is living environment intelligence,” Song Chang-hyun, the company [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s cross-border mergers and acquisitions (M&A) in the ICT sector accounted for 15.7 percent of all such M&As, falling behind other major technology-driven countries, a report from the Institute for International Trade showed Monday. According to the report, 16.2 percent of all M&As around the globe last year [...]
SEOUL, Aug. 23 (Korea Bizwire) — The Seoul Metropolitan Government has ratcheted up its struggle against organized prostitution by developing technology that will clog up telephone lines used by brothels. Despite efforts to shut down businesses operating in the sex trade, the dispersal of lurid flyers with phone numbers printed on them has made it [...]
POHANG, Aug. 22 (Korea Bizwire) – A team of engineers from Pohang University of Science and Technology has successfully developed so-called “bio-blood-vessels” using material extracted from the human body as a template for 3D printing. The team found that its printed blood vessels exhibited no problems in performing their desired function when implanted. The vessels [...]
SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]
SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]