Korean Digital New Deal Launched ‘My Data’ Initiative
The "My Data" initiative, part of the Korean Digital New Deal, allows people to exercise control over personal data and actively manage the data on healthcare, public services, and finance. Using a platform that combines and analyzes health-related data provided by hospitals, patients plan a proper diet and exercise regimen. Resulting in, a one-stop data platform streamlines the process, allowing people to get the registration done with just a few clicks on their device. The platform will analyze individuals' income and financial data to provide them with the best financial products tailored to their needs.
Teens Holding Samsung Stock Hit Record Highs
The number of South Koreans who are 19 and younger that hold shares in Samsung Electronics reached 358,257 teens in December last year, a record high, according to the Korea Securities Depository. This number accounts for 7% of all shareholders and 0.2% percent of the total shares the tech giant has issued. The shares the teenagers held at the time amounted to 1.1 trillion won ($891 million). The rise in the number of teen accounts in 2021, jumped three-fold from the previous year, is believed to be prompted by a retail rush emboldened by fiscal and monetary stimulus measures the government had rolled out to ride out the coronavirus pandemic.
DoubleMe Raises $25 Million in Funding to Expand Real-world Metaverse Platform ‘TwinWorld’
A series-A funding round led by Coentry Investment and NH Investment saw the Korean metaverse company DoubleMe raise $25 million, with Samsung Electronics participating. DoubleMe is a metaverse startup focused on bringing the physical and virtual worlds together. It pushes the boundaries of what’s possible with 3D technology. Two-dimensional recordings are converted into three-dimensional visuals with the help of DoubleMe. Earlier this year, TwinWorld, a metaverse platform that allows individuals to construct an artificial reality (AR) encounter in any real-world location, was made available.
AI Technology Translates Images to Braille in Real Time
Braille is widely used by people with vision impairments, but despite widespread improvements to accessibility on the web and smart devices, innovation for braille-reader hardware has essentially been stalled. The Korean technology company, Dot has taken a huge step forward with a smart braille device that not only allows for easy display of text, but tactile representations of imagery, potentially opening an entirely new layer for education and accessible content.
K-Startup Grand Challenge: A Gateway to Doing Business in Asia
E-Bikes over Vehicles? How E-Bikes are Replacing Cars and Saving Money
Heo Young-hoe, the founder of Withus, combines human capacity with mechanical motion to generate electrical energy with his innovative bicycle generators. Withus brings energy-harvesting technology to the street with non-contact bicycle generators. Such technologies have increased in popularity as eco-friendly living and cost-saving transportation options continue to develop in Korea and all around the world. Energy harvesting, the process of capturing regular human output and converting it into energy for practical use, is not only used in transportation but also in renewable energies. Could this be the future?
Korea Pledges To Cut Carbon Emissions by 40% by 2030
Goodbye Trucks and Bikes. Hello Drones and Robots!
In February, the logistics service start-up Mesh Korea announced a partnership with California-based Bear Robotics to use self-driving robots for “last-mile delivery.” Mesh Korea's deliveries depend on a large fleet of motorcycles and trucks. But the company plans on using newer technologies such as drones and robots soon. Learn how drones and robots can help the delivery industry here!
Hyundai Motors becomes first carmaker to issue community-based NFTs
Korea's $5.3B Joint Venture with Israel in Robot Innovation
Korea and Israel will open the ‘Korea-Israel Light House Program’ and jointly invest $5.3 million in technology development in the field of robots. The Ministry of Trade, Industry and Energy held a ‘Korea-Israel Lighthouse Program Launch Conference’ with the Israel Innovation Agency in Tel Aviv, Israel on the 12th and announced such a technology cooperation program.
Nuvi Lab’s AI Food Scanner Selected to Receive CES 2021 Innovation Award
World's First Cosmetic Ink Tattoo Printer in Korea
South Korean product, Prinker M is the world’s first digital temporary tattoo device that allows you to design and apply water-resistant tattoos in no time! Learn more about the technology here.
S. Korea Joins Top-Tier Group In Democratic AI Policy Index
Smart Farms
The use of high-tech gadgets and artificial intelligence (AI) in raising cattle and growing crops is rising in popularity among farmers around the world, saving both time and money with the aid of sensors and self-educating AI that analyzes data to maintain an optimal environment.
CCTV and AI Team up for Public Safety
E2ON has developed an AI technology that can help process enormous amounts of data to help identify incidents, assist with predictive analytics, and make people safer.
10 amazing inventions from daily life in South Korea
Edtech APP lets Students Upload Math Problems Through their Phone
Still relying on google to solve math problems? Google has recently invested in a Korean ed-tech startup that uses AI to help students with their math homework. Learn more about Mathpresso here.
South Korea Steps into the Metaverse
HOW SOUTH KOREA MADE ITSELF A GLOBAL INNOVATION LEADER
South Korea’s position as one of the world’s most innovative nations is a remarkable achievement. Here we take an in-depth look at the history of Korea’s path to becoming a global innovation leader. Learn more about how top-down success and investing in the future can change a country.
Korea – a Global Testing Ground for Innovation
Dyson technology advances thanks to Korean consumers...bringing innovation to cordless vacuum cleaners.
Seoul Installs In-Ground Traffic Lights To Protect "Smartphone Zombies"
The city of Seoul installed in-ground traffic lights to protect the safety of pedestrians that are glued to their phone.
From CES Newbie to Innovation Darling
Korea has emerged as a global innovation leader over the last 10 years at CES - winning 139 awards this year.
Flying Cars Become A Reality
Urban air traffic (UAM) is emerging as a three-dimensional means of transportation and a viable next-generation mobility.
From Dropout To CEO To Farmer?
A Korean university dropout turned CEO transforms a desert into an oasis of vegetable gardens.
Organic Hyperconnectivity And You
The boundaries between business and society are disappearing and everything is more than it seems.