Latest news
-
Busan-based software company develops AI solution capable of monitoring container loading condition at ports
SEOUL -- Seoahn SNC, a software company based in South Korea, has developed an artificial intelligence-based solution capable of monitoring whether containers are properly stacked at a port facility. Incorrectly stored containers can cause various safety accidents as they may collapse because of gales. The technology created by the software company in the southern port city of Busan automatically is designed to analyzes container loading conditions using light detection and ranging
February 24, 2023 -
Real household income drops 1.1% in fourth quarter of last year amid soaring inflation
SEOUL -- South Korea's real household income fell 1.1 percent year-on-year in the fourth quarter of last year, affected by runaway inflation, according to Statistics Korea on February 23. The statistical office said that average nominal household income increased 4.1 percent to 4.83 million won in the last three months of 2022 from a year before. However, inflation-adjusted real household income dropped 1.1 percent, following a 2.8 percent fall in the third quarter of last year
February 23, 2023 -
Naver's travel reservation service becomes S. Korea's second-most used travel service provider: survey
SEOUL -- A travel reservation service, operated by South Korean web service giant Naver, has become the country's second-most used online travel service provider with a usage rate of 19 percent in 2022. The largest online travel service provider with a 22.9 percent usage rate was Yanolja, which also owns Interpark, a popular online ticket reservation service company. Naver, which was kick-started as a web portal service in 1999, is now South Korea's largest web service prov
February 23, 2023 -
BOK freezes key rate at 3.5% amid deteriorating economic outlook
SEOUL -- The Bank of Korea has decided to freeze its key interest rate at 3.5 percent, halting 17 months of continued rate hikes amid the deteriorating economic outlook. The central made the decision on February 23 after holding a Monetary Policy Board meeting. The rate freeze came as the South Korean economy continues to slow down after it began to contract in the fourth quarter of last year amid sluggish exports and sagging domestic demand. Leaving the rate unchanged at the c
February 23, 2023 -
KAIST partners with Hyundai Motor to co-develop autonomous driving technologies
SEOUL -- South Korea's state research institute has partnered with the Hyundai auto group to co-develop autonomous driving technologies that would allow vehicles to maintain stability during self-driving at high speeds. While autonomous driving features offer drivers a convenient and safe driving experience at low speeds, it is harder for cars' sensors to detect and recognize obstacles such as other cars or pedestrians when moving fast. Sensors including lidar and cameras
February 23, 2023 -
Producer prices rose 0.4% in January, driven by soaring electricity charges
SEOUL -- Producer prices rose 0.4 percent last month from December, driven by soaring electricity charges, according to data released by the Bank of Korea (BOK) on February 23. The produce price index increased to 120.29 in January, up 0.4 percent from a month before. The rise came after the index fell 0.3 percent in November and 0.4 percent in December. Compared with the January 2021 figure, the price index jumped by 5.1 percent. "The producer price increase was attribute
February 23, 2023 -
KT partners with robot-specialized high school to nurture young scientists
SEOUL -- South Korea's biggest telecom service operator KT has partnered with Seoul Robotics High School to nurture young scientists who specialize in artificial intelligence and robotics. The telecom service provider will deploy AI developers as teachers so that students can learn their know-how. South Korea with a robot industry that stood at five trillion won ($3.8 billion) in 2020 is growing at an average annual growth rate of 3.6 percent. In South Korea, robots are widel
February 22, 2023 -
LG Uplus to release metaverse platform for young children
SEOUL -- South Korea's mobile carrier LG Uplus will roll out a metaverse-based platform that enables young children to interact with each other and learn about animals and dinosaurs using avatars. The virtual platform incorporated functions capable of filtering profanity while chatting and reporting those who behave inappropriately. LG Uplus (LGU+) said in a statement that the company will release the open beta version of KidsTopia, a metaverse platform for children aged up to
February 22, 2023 -
South Korea to lift PCR test requirement for arrivals from China
SEOUL -- South Korea plans to lift a post-arrival PCR test requirement for travelers from China on March 1 as the COVID-19 pandemic has receded, the Central Disaster and Safety Countermeasures Headquarters said February 22. The headquarters affiliated with the Ministry of the Interior and Safety said that the government has decided to scrap the polymerase chain reaction (PCR) test requirement as the pandemic situation in China has been stabilized with Chinese arrivals showing a low
February 22, 2023 -
Soybean products found to be effective in lowering risk of stomach cancer for men
SEOUL -- Researchers discovered that consuming food products made of soybean lowers the risk of stomach cancer. The protective effect against cancer was high among males with a body mass index of fewer than 25 kilograms (55.1 pounds) per square meter while it was not observed in men with overweight or obesity. According to London-based cancer charity the World Cancer Research Fund International, stomach cancer is the fifth most common cancer in the world. Data released by the Globa
February 22, 2023
-
PHOTOS: Festival features India's traditional dance in Seoul
-
PHOTOS: UAE heritage showcased on Nami Island
-
Octogenarian becomes oldest contestant at beauty pageant in Seoul
-
Krafton to showcase new games at G-Star
-
Golfer Pak Se-ri wins Van Fleet Award for strengthening U.S.-Korea relations
-
Naver Map offers multilingual translation for visitor reviews
-
Indian cultural festival kicks off with traditional dance performance
-
Hanwha Q Cells sells solar project in Washington state
-
School bus fire claims 23 lives in Thailand
-
Google to invest $1 billion in Thailand data center, cloud AI Infrastructure