The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    People attempt to cut surging heating costs with creative solutions

  • 3

    BLACKPINK sets 6 more Guinness records

  • 5

    TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride'

  • 7

    Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities

  • 9

    More Korean manufacturers enjoy Georgia's hospitality

  • 11

    National pension anticipated to be fully drained in 2055: NPS

  • 13

    Superintendent of Seoul Education Office gets suspended jail term

  • 15

    Opposition leader Lee claims innocence in corruption probe

  • 17

    12 websites still unavailable after Chinese cyberattacks

  • 19

    Wall Street climbs to hit best level in nearly eight weeks

  • 2

    Senior US general warns of possible looming war with China

  • 4

    Jang Keun-suk steps out of his comfort zone with 'The Bait'

  • 6

    ENA's new dating show to spotlight young adult's romance

  • 8

    Bad weather disrupts operation of Jeju airport again after 3 days

  • 10

    Seoul to work with Hanoi to pursue peace on Korean peninsula

  • 12

    Korea's rice consumption hits another low in 2022: data

  • 14

    SK E&S retains gov't support for Barossa gas project in Australia

  • 16

    Police to build disaster prediction system to prevent recurrence of Itaewon tragedy

  • 18

    Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event

  • 20

    LGES to capitalize on US IRA, Tesla partnership to continue record earnings

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Sun, January 29, 2023 | 02:27
Tech
Hancom, iFLYTEK set up AI joint venture
Posted : 2019-03-13 16:57
Updated : 2019-03-13 20:43
Jun Ji-hye
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Hancom Group Chairman Kim Sang-chul, left, shakes hands with iFLYTEK Group Executive President Wu Xiaoru after signing a contract to set up a joint venture on AI business at the Four Seasons Hotel in Gwanghwamun, central Seoul, Wednesday. / Courtesy of Hancom Group
Hancom Group Chairman Kim Sang-chul, left, shakes hands with iFLYTEK Group Executive President Wu Xiaoru after signing a contract to set up a joint venture on AI business at the Four Seasons Hotel in Gwanghwamun, central Seoul, Wednesday. / Courtesy of Hancom Group

By Jun Ji-hye

Hancom Group has established a joint venture with China's leading artificial intelligence (AI) company iFLYTEK to diversify business portfolios and sources of income by utilizing AI-based language and voice technology, the Korean firm said Wednesday.

Hancom Group, a first-generation Korean software developer, said the joint venture, dubbed Accufly.AI, will focus its capability on pushing for AI-powered fintech, edutech, smart healthcare and hardware systems businesses.

The two companies signed a contract for the establishment of the joint venture during a joint media conference in Seoul.

"We have decided to cooperate with iFLYTEK to better meet the needs of AI-based language and voice technology as Chinese companies have become distinguished in the global AI market," said Hancom Group Chairman Kim Sang-chul.

"Through the joint venture, we will expand the application of AI voice recognition technology to the entire industry. We will nurture the joint venture as an AI specialist in the global market."

iFLYTEK is one of the four leading AI companies in China recognized by the Chinese government, along with Baidu, Alibaba and Tencent.

The Chinese firm, which has proved its competitiveness in voice recognition technology, has grown rapidly, posting 1.4 trillion won ($1.2 billion) in sales in 2018, according to Hancom Group.

The companies' hardware systems business will be the first area in which the joint venture will produce an outcome, the Korean firm said, announcing that "GenieBiz," which offers interpreting and translation of four languages for business meetings, and "GenieTalk Go," a portable interpreting and translation machine, will be released in May.

The joint venture will also develop an AI contact center supporting Korean and offer the service to domestic banks, insurance firms and mobile carriers to enter the fintech sector.

iFLYTEK has already operated an AI contact center for banks in China, the Korean company said, noting that the technology of the Chinese firm will be utilized in the development of the new service.

For edutech business, the joint venture will develop personalized language education programs powered by AI.

Hancom Group added it will also actively push for exchange of robot technology with the Chinese firm in preparation for relaxation of regulation in Korea regarding the healthcare business.


Emailjjh@ktimes.com Article ListMore articles by this reporter
 
wooribank
Top 10 Stories
1People attempt to cut surging heating costs with creative solutions People attempt to cut surging heating costs with creative solutions
2Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities
3More Korean manufacturers enjoy Georgia's hospitality More Korean manufacturers enjoy Georgia's hospitality
4Seoul to work with Hanoi to pursue peace on Korean peninsula Seoul to work with Hanoi to pursue peace on Korean peninsula
5Superintendent of Seoul Education Office gets suspended jail term Superintendent of Seoul Education Office gets suspended jail term
6SK E&S retains gov't support for Barossa gas project in Australia SK E&S retains gov't support for Barossa gas project in Australia
7Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event
8LGES to capitalize on US IRA, Tesla partnership to continue record earnings LGES to capitalize on US IRA, Tesla partnership to continue record earnings
9KT&G aims to become global top-tier company KT&G aims to become global top-tier company
10Middle East 'sales diplomacy' picks up speed Middle East 'sales diplomacy' picks up speed
Top 5 Entertainment News
1BLACKPINK sets 6 more Guinness records BLACKPINK sets 6 more Guinness records
2Jang Keun-suk steps out of his comfort zone with 'The Bait' Jang Keun-suk steps out of his comfort zone with 'The Bait'
3Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film
4Kim Hyun-joo says humanity is at heart of action film 'Jung_E' Kim Hyun-joo says humanity is at heart of action film 'Jung_E'
5TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride' TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride'
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

wooribank
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group