SEOUL, Oct. 11 (Korea Bizwire) – The South Korean government and tech giants said Tuesday they will work together to create a variety of cultural and entertainment content using virtual reality (VR) technology to foster the new growth engine. Samsung Electronics Co. and LG Electronics Ltd. have been working on VR gadgets to link them [...]
SEOUL, Oct. 7 (Korea Bizwire) – The first Korea VR Festival (KVRF) kicked off Thursday for a four-day run at Seoul’s Nuritkum Square (Digital Media City). The festival will center on exhibition and experience zones of the latest VR products and content from some 80 domestic and overseas companies, including Samsung, Sony, and Oculus, but [...]
SEOUL, Oct. 7 (Korea Bizwire) – South Korea will invest more than 400 billion won (US$358 million) over the next five years in developing new virtual reality (VR) products and narrow its technology gap with global leaders, the government said Friday. The plan will focus on developing new and indigenous VR technologies and fostering the [...]
SEOUL, Sept. 7 (Korea Bizwire) – The idea of robots replacing human jobs has long been a popular subject for debate and science fiction films. But amid recent advancements in AI technology, and concerns that some of these ideas may become reality, a recent report by the Software Policy & Research Institute (SPRi) submitted an [...]
SEOUL, Sept. 7 (Korea Bizwire) – South Korea will create 40 billion won (US$34.5 million) in special funds to foster the virtual reality (VR) and augmented reality (AR) industries, the science ministry said Wednesday. The Ministry of Science, ICT, and Future Planning said funds are aimed at bringing more investment in the fields and to [...]
SEOUL, Aug. 26 (Korea Bizwire) – The cultural academy of the Korea Creative Content Agency (KOCCA) on Friday opened a conference to provide insight into global trends and the future of virtual reality (VR) and augmented reality (AR). The one-day conference in Seoul titled “The VR, AR Insight” brought together local and international experts on [...]
SEOUL, Aug. 10 (Korea Bizwire) – South Korea said on Tuesday it will push to nurture artificial intelligence (AI), unmanned vehicle technologies and seven other key IT fields as new growth engines. The announcement was made at a science and technology strategy session presided over by President Park Geun-hye, the Ministry of Science, ICT and [...]
SEOUL, July 28 (Korea Bizwire) – Hyundai Department Store, one of the major department stores in South Korea, announced on July 28 that it will launch a virtual reality (VR) online store on its upscale online shopping mall – the Hyundai.com (www.thehyundai.com). The Hyundai’s new online VR store provides customers with the feeling of physically being [...]
SEOUL, July 22 (Korea Bizwire) – The Korea Virtual Reality (VR) Industry Association announced on July 21 that a new virtual reality café named ‘VR Plus Show Room’ will open on July 22 in Seoul’s most urbane business and shopping district – Gangnam. In order to promote the VR industry, ‘VR Plus Show Room’ will offer [...]
SEOUL, July 13 (Korea Bizwire) – Pokémon Go hype is unrelenting. Nintendo shares have soared, and people are out in the streets, roaming through parks and other public spaces, all on the hunt for the imaginary animals. Pokémon Go is an augmented reality (AR) mobile game that allows players to capture, battle, and train virtual Pokémon [...]