Tag - Korea technology

Seoul to introduce systematic management of air traffic to reduce flight delays

South Korea will set up a new air traffic flow management system before the end of next year to enhance airport safety while also improving airline services by greatly reducing flight delays, the government said Monday. Such a system will be up and running before the end of July 2017, according to the Ministry of Land, Infrastructure and Transport. “The government will work to reduce air traffic and flight delays by establishing a new air traffic management system that will help [...]

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Virtual reality tech shines at G-Star 2016

BUSAN — By strapping on a virtual reality headset at the G-Star 2016 game convention in Busan, South Korea, one can fight in outer space, pilot a plane or throw fire grenades at a fellow gamer in the digital realm. VR is a technology that completely immerses users in computer-generated worlds via a head-mounted display, transporting them out of the real world and into the virtual. It held a strong presence at this year’s G-Star, as the world’s leading makers of VR goggles and [...]

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Lovegrove working on OLED lighting installation for LG

Industrial designer Ross Lovegrove is currently working on a new household lighting structure using organic light-emitting diodes in conjunction with the OLED business division of an LG company, to be introduced next year. The acclaimed Welsh designer, who recently came to Seoul to speak at the Herald Design Forum 2016, said he was working with LG’s lighting division chief to design a new lighting installation using OLEDs. The installation will be unveiled at the Salone del Mobile 2017, an interior [...]

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Korea’s software still behind despite hardware prowess

South Korea’s software capacity such as artificial intelligence and smart cars has much to be desired due to the lack of personnel, investment and partnership among industries, experts said. According to data from Hyundai Research Institute, Korea’s AI technology is still at the 75 percent level compared to the nations holding the most advanced AI technologies. Although the nation’s major tech firms including Samsung Electronics, LG Electronics, Kakao, Naver and SK Telecom have started the development of AI technologies, their capacities [...]

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Samsung’s market cap rises to W375tr

Samsung Group’s combined market capitalization has risen to 375.52 trillion won ($322 billion) following the stock market debut of its biotechnology unit, a local financial data provider said Sunday. After Samsung BioLogics’ Kospi entrance on Thursday, Samsung’s 15 listed affiliates accounted for 29.07 percent of the total market cap of all the companies traded on Korea’s main stock exchange, WISEfn said. The figure marks a 1.25 percentage point increase from the group’s 27.82 percent ownership recorded in late October before Samsung [...]

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