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Old Meets New in Dongdaemun

Old Meets New in Dongdaemun

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” [...]

Military Seeks to Harness Cutting-edge Technologies for Troop Training

Military Seeks to Harness Cutting-edge Technologies for Troop Training

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 [...]

Naver Looks beyond Network Service, Targets ‘Living Environment’ Technology

Naver Looks beyond Network Service, Targets ‘Living Environment’ Technology

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 [...]

S. Korea Lags in Cross-Border Tech Mergers

S. Korea Lags in Cross-Border Tech Mergers

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 Metropolitan Government Turns to Technology to Fight Prostitution

Seoul Metropolitan Government Turns to Technology to Fight Prostitution

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 [...]

South Korean Researchers Develop “Bio-Blood-Vessels” Using 3D Printer

South Korean Researchers Develop “Bio-Blood-Vessels” Using 3D Printer

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 [...]

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

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’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

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 [...]

Top Ten Promising Technologies of Future Include Fake News Spotting AI

Top Ten Promising Technologies of Future Include Fake News Spotting AI

SEOUL, March 21 (Korea Bizwire) – The Korea Institute of S&T (Science and Technology) Evaluation and Planning presented Monday the top ten promising technologies of the future, which included artificial intelligence that tracks down fake news.  Fake news has become a serious social issue for South Korea, as for the rest of the world, costing [...]