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Korea Readies itself for the Fourth Industrial Revolution

Korea Readies itself for the Fourth Industrial Revolution

SEOUL, July 1 (Korea Bizwire) – Industry 4.0, or the fourth industrial revolution, is just around the corner. In truth, we’re already a part of it. The Korean government revealed Thursday that it would increase its research & development investment by 50 percent in high-tech fields like artificial intelligence and robotics that will be of [...]

Robot-Assisted Surgery Praised Despite High Cost

Robot-Assisted Surgery Praised Despite High Cost

SEOUL, May 27 (Korea Bizwire) – Robot-assisted surgery has been attracting much attention, particularly for its strikingly high cost. Catherine Mohr, the vice president of medical research at Intuitive Surgical, defended robot-assisted surgery in a lecture titled ‘Surgery’s Past, Present, and Robotic Future’ at the Westin Chosun Hotel in Seoul, in which she explained, “Any new state-of-the-art [...]

Fashionology: When Fashion Meets Technology

Fashionology: When Fashion Meets Technology

SEOUL, May 26 (Korea Bizwire) – An increasing number of clothing products are combining fashion and technology, part of a new trend called ‘fashionology’, using materials such as cooling fibers used in spacesuits, or those emitting far-infrared radiation. T-shirts that use such new materials are becoming popular, especially for outdoor brands.  Cool 360, developed by [...]

Virtual Clothes Fitting Services to Launch at Korean Department Stores

Virtual Clothes Fitting Services to Launch at Korean Department Stores

SEOUL, May 26 (Korea Bizwire) – Lotte Department Store is implementing what it calls a ‘Virtual Fitting Service’ for customers to try on clothes virtually, without having to physically put them on. The service uses a special mirror that provides a virtual reflection of the customer wearing the clothing by applying a 3D image of [...]

S. Korea Shifts Strategy on Unmanned Vehicle Development

S. Korea Shifts Strategy on Unmanned Vehicle Development

SEOUL, May 17 (Korea Bizwire) – The South Korean government announced plans Tuesday to streamline its underperforming programs in efforts to advance the local unmanned vehicle industry.  It will focus first on developing “common technologies” crucial to drones, driverless cars and unmanned vessels, according to the Ministry of Science, ICT and Future Planning.  The government [...]

IBM Widening Market Presence in Korea

IBM Widening Market Presence in Korea

SEOUL, May 17 (Korea Bizwire) – Multinational technology firm IBM is aggressively enlarging its presence in South Korea, most recently adding financial tech to its list of services that already includes artificial intelligence (AI), robotics and security solutions, industry sources said Tuesday. The New York-headquartered company is exploring the local market for its “blockchain,” a [...]