South Korean cloud solutions provider Naver Cloud has signed a memorandum of understanding (MOU) with the Korea Tourism Organisation (KTO), a public enterprise for the promotion of Korean culture worldwide. Via the new MOU, Naver Cloud will be helping KTO in refining the tourism domain and tourist experience in South Korea.  Naver Cloud will transfer its subsidiary technologies such as the popular translation service of Papago, application programming interface (API) and also cloud computing technologies.  With 6 major language support, Naver Papago is one of the most reputed multil ..read more

Samsung Electronics has announced its plan to raise semiconductor talent in South Korea. With its joint agreement with three regional universities, the tech giant Samsung is going to introduce an integrated course focused on semiconductor process control technology.  The new five-year integrated undergraduate and graduate course by Samsung Electronics will be launched in 3 universities – Ulsan National Institute of Science and Technology (UNIST), Daegu Gyeongbuk Institute of Science and Technology (DGIST) and Gwangju Institute of Science and Technology (GIST) on contractual basis.  ..read more

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) have approved the concrete-filled composite column technology by POSCO. The Pohang-based steel-making company, POSCO will be allotted a green technology certificate as its concrete technology has been verified as environment friendly.  In the construction industry, green technology decides the fitness status of constructed buildings. Green technology retains checks whether the construction ensures minimal harm to the environment, lesser toxic emissions, and energy utilization or not.  It’s the Green Certification Review Co ..read more

South Korean In Vitro Diagnostics (IVD) medical device, and diagnostic reagent developer, AMSBIO is looking forward to building a new cancer diagnosis kit based on saliva testing.  During the pandemic, South Korea’s IVD market went through many changes. It is anticipated that the IVD market will go up by a compound annual growth rate (CAGR) of 5.42 percent this year.  Additionally, the demand for new technology in the laboratory and biotech sector is also rapidly rising in the pre-pandemic times. The burden of chronic diseases is increasing at a fast pace. There is more use of point ..read more

The South Korean multinational electronics corporation Samsung Electronics is going to expand its robot business via investments. The company will be investing in companies involved in robot development. As per Han Jong-hee who’s currently the Vice Chairman of Samsung Electronics, they plan to emphasize building the company’s robot platform, a new type of growth engine. Robots are the future and Samsung Group is moving towards that future one step at a time. In the coming years, Samsung looks forward to embarking on robotics fields even further. Through the investments, Samsung Electronics wi ..read more

South Korean advanced information and communication technology (ICT) provider, SK Inc. C&C has signed a memorandum of understanding (MOU) with NAVER Cloud, an IT development company specializing in cloud services. With the new MOU, both companies will be developing a hyper-scale AI-based B2B services for domestic businesses in SK corporation’s C&C division is dedicated to furnishing cutting-edge software, system integration, consultation and information processing. Whereas NAVER Cloud, a subsidiary of Naver Corporation has been advancing cloud technologies and facilitating digital tra ..read more

South Korean medical robots provider Curexo Inc. has signed an agreement with the American tech giant, Microsoft. With this deal, Curexo and Microsoft will work together to develop futuristic artificial intelligence (AI) based robots for the medical industry.  Microsoft has been investing in and promoting several next-gen technologies, especially via partnerships. Its strategic planning involves partnering with companies across a variety of fields. The new software cloud usage service agreement with Curexo can potentially upgrade the existing surgical market.  For surgeries, surgeon ..read more

The Strategy and Finance Committee of the South Korean National Assembly passed the chip bill in a subcommittee meeting. It is anticipated the long-awaited chip bill will get a second green light in the plenary session which is likely to happen this month. The chip bill is perceived to be a fruitful step for the distressed yet growing chip sector in South Korea. A majority of chipmakers have filled in positive remarks for this new bill.   With the adoption of a chip bill, certain changes will infiltrate the chip industry. For taxation, large chip companies have to give tax credits of up ..read more

South Korea plans to build the world’s largest semiconductor cluster within the next 20 years with Samsung Electronics’ assistance. The mega cluster is perceived to alleviate high-tech semiconductor technology. By 2042, the facility will be operational in Gyeonggi Province, near the capital city of Seoul.  According to the Ministry of Trade, Industry and Energy, this Gyeonggi cluster will attract more than 150 companies dealing in delivering raw materials, and components as well as designing high-tech semiconductors. South Korea aspires to be a global semiconductor powerhouse in the next ..read more

The Korea Advanced Institute of Science and Technology (KAIST) has successfully created a processing-in-memory (PIM) chip called DynaPlasia, a PIM chip based on dynamic random access memory (DRAM). The new chip is said to be extra efficient, power saving and 15 times superior in speed than its DRAM-based predecessor chips.  This new chip is conceived to be evolutionary for South Korea’s memory-based chip industry which has been falling behind for a while. PIM chips which are also seen as the next-generation AI chips have been getting engagement from the government. While aiming to compet ..read more