Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
S. Korean IT leaders call for regulation changes for fair competition with foreign tech giants
The leaders of South Korea’s leading IT firms have called on lawmakers to change regulations for fair competition with foreign tech companies at the National Assembly on Monday. Kakao CEO Yeo Min-so, Naver CEO Han Seong-sook, Woowa Brothers CEO Kim Beom-joon and other tech leaders joined the forum held by lawmakers. “Local and foreign companies are offering their services here, but the regulations and penalties that bind them are seemingly different,” Kakao CEO Yeo said. W
Technology July 6, 2020
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S. Korea holds ministerial level talks with Uzbekistan, strengthens economic ties
South Korea and Uzbekistan held ministerial talks in Seoul on Monday, where they agreed to accelerate discussions on business projects and push forward a bilateral free trade agreement. Korea’s Industry Minister Sung Yun-mo and Uzbekistan’s Deputy Prime Minister for Investments and Foreign Economic Affairs Sardor Umurzakov attended the meeting. It was the first ministerial meeting held face-to-face since the viral outbreak, according to officials explained. On the occasion, a fron
Industry July 6, 2020
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KAIST professor accused of leaking autonmous driving tech to China
A professor at the Korea Advanced Institute of Science and Technology is currently being investigated by the prosecution for allegedly handing over technology related to autonomous driving to China for financial gain, according to news reports and the ICT Ministry on Monday. The Daejeon Prosecutors‘ Office is currently investingating the professor, who reportedly received around 300 million won from a China-based college where he was dispatched for academic programs. The prosecutors ar
Technology July 6, 2020
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5G smartphone competition to intensify in H2: report
Samsung Electronics may face tougher competition in the global 5G smartphone market starting in the second half this year when Apple launches its new smartphone that supports the fifth generation network, latest report showed Sunday. According to Strategy Analytics’ report, the total 5G smartphone sales this year is expected to reach 234 million devices, accounting around 15 percent of all smartphone sales. The number of 5G-compatible phones sold last year was 18.6 million, it added.
Technology July 5, 2020
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SK Telecom launches big data-based restaurant finding app
SK Telecom has launched an application that provides recommendations for restaurants by using big data analysis, the company said Sunday. The newly launched app uses big data compiled by the telecommunications firm’s mobile navigation service Tmap. According to the company, the number of users of the navigation services has reached 18 million, and it has some 1.8 billion points of data indicating restaurant visits over the past five years. SK Telecom noted that the new application util
Technology July 5, 2020
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Korean expert discovers way to ramp up chip storage capacity 1,000 times
A South Korean research team has discovered a way to ramp up the storage capacity of memory chips by 1,000 times, while raising the possibility of utilizing 0.5 nanometer process technology, the Ministry of Science on ICT announced Thursday. Ulsan National Institute of Science and Technology’s Energy and Chemical Engineering professor Lee Jun-hee and his team have published a report on the discovery to international academic journal Science, winning attention from peers and the semicond
Technology July 3, 2020
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KT CEO stresses importance of advancing 5G network in different industries
KT CEO Koo Hyun-mo stressed that the fifth-generation network would allow telecommunication firms to create new business opportunities across various industries, the company said Thursday. “If the telecommunications firms used to center on business-to-consumer services in the past, the industry will be involved more in the business-to-business sector in the future,” KT CEO Koo Hyun-mo said in a keynote speech during the Global TD-LTE Initiative’s online summit on Wednesday.
Technology July 2, 2020
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Exports continue to fall in June but show signs of recovery
South Korea’s exports in June decreased by 10.9 percent at $39.2 billion, as against $44 billion in the same month last year, latest data released Wednesday showed. According to the Ministry of Trade, Industry and Energy, exports have been on a downward trend for four consecutive months, struggling amid the global economic fallout from the COVID-19 pandemic. The average daily exports decreased by 18.5 percent on-year -- the figure was minus 18.3 percent in May. However, the pace of
Industry July 1, 2020
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KT introduces smart factory robotic solution
KT announced Tuesday that it has introduced automated robotic solutions at a local auto parts manufacturer’s factory. The South Korean telecom firm’s smart factory robot Cobot has been installed at a facility of Parkwon -- a manufacturer of steel balls for steering and power transmission systems -- in Jecheon, North Chungcheong Province. The system can help in handling loading, packaging and other repetitive work procedures that are physically taxing, often causing injuries, acc
Technology June 30, 2020
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Government opens chip design center for local fabless companies
South Korea‘s Ministry of Trade, Industry and Energy on Monday launched an innovation center aimed to support local fabless companies and system semiconductor developers. The newly opened semiconductor center, located in Pangyo, Gyeonggi Province, will function as a base that nurtures capabilities of chip design companies, known as fabless, the ministry said. It was a follow-up measure of the government-led plan to foster the logic chip industry where Korean chipmakers have not bee
Technology June 29, 2020
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[Photo News] Subscribe to VR life
Technology June 29, 2020
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US cloud computing solution firm to strengthen ties with Samsung, expand business in Korea
Rescale, San Francisco-based company specializing in high performance computing applications for cloud systems, said Monday that the company will beef up efforts to expand operations in Korea, including increasing cooperation with the country‘s largest tech giant Samsung Electronics. Rescale entered the Korean market last year. The company currently has several Korean customers that use different types of cloud computing solutions, including LS Electric, Hyundai Electric and Energy and
Technology June 29, 2020
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ICT Ministry’s 2021 R&D budget set at W21.6tr, up 9.7%
The Ministry of Science and ICT announced Friday that the ministry’s research and development budget for 2021 is set at 21.6 trillion won ($18 billion), up 9.7 percent from 19.7 trillion won in 2020. The ICT Ministry said the additional funds would be spent on high-priority areas such as disease research and cutting-edge technologies such as artificial intelligence, fifth-generation wireless networks, self-driving vehicles and next-generation semiconductors. The budget for infectious
Technology June 26, 2020
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Korean IT firms mobilize AI to tackle hateful comments online
An increasing number of IT companies in South Korea are developing artificial intelligence-based software to counter abusive online comments. The AI-based profanity filters help them to improve user experience by hiding unpalatable comments on their platforms, according to industry sources. One of them is the nation’s top game company Nexon, which in 2017 created an in-house AI research and development team called Intelligence Labs. The team of around 200 engineers has developed its ow
Technology June 24, 2020
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South Korea’s Trade Minister Yoo Myung-hee bids to lead WTO
South Korea‘s Trade Minister Yoo Myung-hee on Wednesday officially announced her bid to become the next general director of the World Trade Organization (WTO). Yoo, 53, is the third South Korean to run for the top post of the Geneva-based trade body, currently facing challenges over confusions in global trade rules and shaky cooperation among the member countries. If elected, Yoo would be the first Korean to lead the organization. “South Korea can become a bridge, connecting deve
Industry June 24, 2020
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