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 [...]
SEOUL, May 12 (Korea Bizwire) – Strong winds have the capability to take down any man-made structure. Maintaining a wind-resistant building structure has always been a conundrum for architects. However, Korean researchers have recently come up with a structure that can reduce the effect of wind by 20 percent, by using daffodil stems as an [...]
SEOUL, May 12 (Korea Bizwire) – South Korea launched a presidential council on science and technology Thursday to oversee the nation’s efforts to overhaul the research and development (R&D) sector. The “strategic” panel, headed by President Park Geun-hye, will serve as a “control tower” and a “trouble shooter” for South Korea’s overall science and technology [...]
SEOUL, May 4 (Korea Bizwire) – AlphaGo may have beat Lee Sedol, but that hasn’t discouraged Koreans. A private AI research institute called the Intelligence Information Technology Institute is expected to open by the end of the year. The Software Policy & Research Institute (SPRi), which is leading the effort, held a press conference Tuesday [...]
SEOUL, May 2 (Korea Bizwire) — Tech giants from home and abroad are battling to garner a larger slice of the South Korean market for cloud computing solutions, industry watchers said Monday, as local demand for the services is expected to grow sharply down the road. The South Korean market for cloud computing solutions is [...]
DAEJEON, Jan.12 (Korea Bizwire) – A Korean and American joint research team has developed a nano-capsule that makes diagnosing cancer within 24 hours possible by injecting the substance into the human body. The organic fluorescent dye contained in the capsule glows in different colors in the presence of different types of cancer cells. Professor Song [...]
SEJONG, Nov. 23 (Korea Bizwire) – South Korea’s market for new energy industries is expected to reach 100 trillion won (US$86.4 billion) by 2030 on the back of efforts to expand existing know-how and develop next-generation technologies, the government said Monday. Unveiling a government strategy for boosting the new energy industry, the Ministry of Trade, [...]
Seoul, July 23 (Korea Bizwire) – A conference gauging the progress of augmented reality (AR) and virtual reality (VR) technologies, which are receiving attention as the multimedia services of the future, was held on July 22. SK Telecom hosted a forum to discuss the present and future of immersive multimedia services such as augmented reality and virtual reality. [...]
SEOUL, Oct. 29 (Korea Bizwire) – The first “spacing-out competition” was held on October 29 at Seoul Plaza in front of Seoul City Hall. The contest is to pick the ones who can zone out the most. A total of 50 contestants participated in the competition, and its competition rate was whopping three to one. [...]
SEOUL, Oct. 22 (Korea Bizwire) – It becomes common that humanities majors are neglected while STEM (science-technology-engineering-math) majors take center stage in job markets across the world. The Wall Street Journal reported on June 6, 2013, that the unemployment rate of graduates majoring in English among recent college graduates in the United Sates was 9.8 percent. [...]