Focusing investment on SaaS and AI Projects HANCOM, a company led by CEO Sung-Jun Byun and Yeon-Soo Kim, has recently sent a letter to its shareholders for the first half of 2023. The company had previously promised continuous communication with its shareholders, and this letter fulfills that commitment. In the…
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UL solutions and Korea’s ministry of SMEs collab
The collaboration will support South Korean start-ups UL Solutions, a global leader in applied safety science, and Korea’s Ministry of Small and Medium-sized Enterprises (SMEs) and Start-ups (MSS) signed a memorandum of understanding (MoU) formalizing a collaboration to support market access readiness for promising Korean start-ups in new industries, including new mobility.…
Read MoreFBI confirms Lazarus group cyber actors for theft
North Korean cyber actors used RAILGUN, to launder over $US60 million worth of ethereum The FBI continues to combat malicious cyber activity, including the threat posed by the Democratic People’s Republic of Korea (DPRK) to the U.S. and our private sector partners. Through our investigation, we were able to confirm…
Read MoreKorea-Singapore digital partnership agreement
Commitment towards integrating both countries’ digital ecosystems The Korea-Singapore Digital Partnership Agreement (KSDPA) will enter into force on 14 January 2023. The KSDPA was signed by Second Minister for Trade and Industry Tan See Leng and the Republic of Korea (ROK) Minister for Trade Dukgeun Ahn in Singapore on 21…
Read MoreThe Korean government’s global start-up competition is back
One of the bright ideas to achieve the goal is the K-Startup Grand Challenge. Korea is one of the fastest growing economies in Asia, with global economic groups such as LG, Samsung, and Hyundai; and is the birthplace of many outstanding start-ups, entrepreneurship, and technology. With the orientation to become the…
Read MoreFirst conversational AI deployed at Korean 7-Eleven
DeepBrain AI, the market leading AI human technology company, deployed its ‘AI Clerk’ in Korea. DeepBrain AI, a company specializing in real-time conversational AI Humans, successfully launched 7-Eleven’s AI Kiosk in 2021. A subsidiary of Lotte Group, 7-Eleven’s AI Kiosk includes DeepBrain AI’s AI Human technology and additional innovative technologies for use…
Read MoreKorea gets ready for 6G, with the US
Following the successful roll out of 5G. Korea’s Ministry of Science and ICT (“MSIT”, led by Minister Lim Hyesook) held a public-private “6G Strategy Meeting” as a follow-up of the Korea-US Summit to lead the upcoming 6G era. At the summit both countries agreed to build a future-oriented partnership in 6G, the future’s new technology,…
Read MoreSouth Korea uses AI for COVID-19 vaccinations
Providing citizens with important vaccination-related information and support. Korea Disease Control and Prevention Agency (KDCA) will use SK Telecom for the development and operation of Nugu Vaccine Care Call, an artificial intelligence (AI)-based service designed to help COVID-19 vaccinations. Nugu Vaccine Care Call is a service where SKT’s AI Nugu…
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