Tech firms present AI solutions at 'World IT Show 2024' in Seoul

SEOUL, April 18 (AJU PRESS) - The "World IT Show 2024," the largest ever information and communications technology (ICT) exhibition in South Korea featuring 445 exhibitors from 10 countries, kicked off in Seoul on Wednesday for a three-day run. Hosted by the country's science ministry, the show embraces the theme "Innovation in Everyday Life, Created by AI." South Korean conglomerates are at the forefront, showcasing a variety of high-tech AI-powered soluti

April 18, 2024

Korea increasingly losing AI talent abroad: report

SEOUL, April 17 (AJU PRESS) - Korea has experienced a significant decline in the migration index for AI developers compiled by Stanford University as the country is increasingly losing talent, lured by higher pay and better opportunities abroad. According to the AI Index 2024, published by the U.S. university's Human-Centered AI Institute on Monday (local time), in 2022, Korea had 10.26 AI patents per 100,000 people, ahead of Luxembourg (8.73), the United States (4.23) and Jap

April 17, 2024

'Smart fitness center' will open in Seoul for elderly residents

SEOUL, April 11 (AJU PRESS) - In a bid to help elderly people unfamiliar with gym equipment, a district office in southern Seoul has established a gym center filled with artificial intelligence-based fitness equipment. AI solutions will automatically adjust the weights of training devices during workouts and provide exercise metrics for users. The Gangnam District Office said it will open the "smart fitness center" for elderly residents on April 17. With AI-powered monit

April 11, 2024

Samsung to add Arabic, Indonesian, Russian language support for AI translation service

SEOUL, April 11 (AJU PRESS) - Samsung Electronics will add three new languages -- Arabic, Indonesian, and Russian -- to its artificial intelligence-based translation service featured in the company's latest "Galaxy S24" smartphone lineup. The South Korean tech giant released its S24 flagship smartphone lineup in January 2024 and rolled out a new AI-based feature called "Galaxy AI" which supported real-time translation services for 13 languages including Eng

April 11, 2024

S. Korean parking solutions company to develop autonomous valet parking robots 

SEOUL, April 09 (AJU PRESS) - South Korea's Autech-Otis Parking Systems has embarked on the development of autonomous valet parking robots that would prevent accidents and alleviate congestion in crowded parking areas, such as large shopping malls. When a vehicle is randomly parked near the entrance of a parking garage, robots will automatically place it into a car elevator. Autech-Otis said on Monday that its valet parking robots are scheduled to be commercialized in the seco

April 9, 2024

AI test prep solution 'Prep.Pie' to reach universities across US by second half of 2024

SEOUL, April 08 (AJU PRESS) - "Prep.Pie," an artificial intelligence-based learning platform created by South Korean startup Mathpresso, will be available for American university students by the second half of 2024. The solution is tailored to assist students primarily studying business and STEM (Science, Technology, Engineering, and Mathematics) majors. Prep.Pie summarizes crucial information from a student's study materials and simplifies complex concepts. The AI p

April 8, 2024

Researchers find Lunit's AI image analysis solution effective enough to reduce human doctors' workload

SEOUL, April 08 (AJU PRESS) - A study has shown that the adoption of an artificial intelligence-based breast cancer analysis solution can reduce the workload of human radiologists by about 70 percent. According to the research, the system called "Lunit INSIGHT MMG" can also significantly improve cancer detection accuracy. Lunit INSIGHT MMG compares and analyzes medical images of breast cancer patients and healthy individuals. The AI solution alerts human supervisors if

April 8, 2024

Brazilian fintech company looking for deals with S. Korean content firms

SEOUL, March 28 (AJU PRESS) - Brazilian financial technology company EBANX is seeking partnerships with South Korean companies in the content industry to expand its business in countries in Latin America. The fintech firm, which provides payment services in 17 Latin American countries, has emphasized the importance of adopting local payment systems to launch businesses in Latin America, at a business forum in Seoul. During this forum on March 21, EBANX's Chief Marketing Offic

March 28, 2024

Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'

SEOUL, March 27 (AJU PRESS) -- At the "Smart Factory + Automation World (SFAW)," an annual tech event held in Seoul, the cooperative robot business wing of South Korea's Hanwha Group has showcased a robot sommelier that can decant wine, a crucial step for separating clean wine from sediment. By integrating artificial intelligence with various types of robots, the company aims to automate processes within the food tech sector. Decanting is the process of removing unne

March 27, 2024

Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'

SEOUL, March 26 (AJU PRESS) -- Avikus, a South Korean self-sailing solution developer affiliated with HD Hyundai, has demonstrated the effectiveness of reducing fuel consumption with its autonomous navigation system called "HiNAS Control." After installing the system on a 32,500-ton carrier operating along the route between Singapore and Brazil, the company witnessed fuel savings of up to 15 percent. HiNAS Control utilizes artificial intelligence to recognize surrounding

March 26, 2024