SEOUL, July 7 (Korea Bizwire) – South Korea announced a package of measures Thursday to foster its virtual reality (VR) industry, which includes direct financial support and tax incentives. The government will create 40 billion won (US$34.5 million) of special funds, 20 billion won this year and the rest in 2017, for small and medium-sized [...]
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 [...]
SEOUL, June 7 (Korea Bizwire) – A team of South Korean scientists have developed an electronic device that can stick to clothing, paving the way for wearable displays and monitoring censors, the science ministry said Tuesday. An electronic device attached to fabric via artificial cilia on its edges is called an electronic textile, said Ko [...]
SEOUL, June 3 (Korea Bizwire) – The South Korean government said Thursday it will open a virtual reality (VR) experience center this week in Pangyo, the nation’s mecca for the high-tech industry. The move is part of efforts to create a boom for indoor digital theme parks, according to the Ministry of Science, ICT and Future [...]
SEOUL, May 30 (Korea Bizwire) – South Korea announced an ambitious brain-mapping project Monday, saying it would catch up with the U.S., Japan and other advanced nations in the brain science field within the next decade. The government will create a “specialized atlas” of the brain focusing on the structure and function of the parietal [...]
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 [...]
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 [...]
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 [...]
SEOUL, May 20 (Korea Bizwire) – South Korea and Chile have agreed to speed up bilateral cooperation on the information, communication and technology (ICT) front, as the Latin American nation seeks to learn from Seoul’s experience, a government ministry here said Thursday. Choi Jae-you, vice minister of science, ICT and future planning, attended a ceremony [...]
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 [...]