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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Gov't to help youth in institutional care become independent through digital education

Lee Ju-ho, center, deputy prime minister and education minister, speaks during a Ministerial Conference on Social Relations at the Government Complex in Seoul, Friday. The Ministry of Science and ICT announced that it will support digital education for children in institutional care to bridge the education gap and help them become independent. YonhapBy Baek Byung-yeulThe government will support digital education for young people emerging from institutional care to independence, to bridge education gaps and help with the multitude of life challenges they face, the ICT ministry said Friday.During a Ministerial Conference on Social Relations held at the Government Complex in Seoul, the Ministry of Science and ICT announced the support measure.Around 2,000 young people under the protection of institutional care prepare for independence at the age of 18 every year. But they face difficulties due in part to a lack of social support systems, the ICT ministry said.“The measures are designed to support youth in the digital sector amid the government's growing interest and policies, incl

Jun 23, 2023By Baek Byung-yeul
Gov't to help youth in institutional care become independent through digital education

NHN Cloud CEO vows to achieve $155 million in sales this year

Kim Dong-hoon, CEO of NHN Cloud, speaks during a press conference at the COEX convention center in Seoul, Thursday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulNHN Cloud, a local cloud computing service provider, vowed to achieve annual sales of 200 billion won ($155 million), up 25 percent from its 2022 performance of 160 billion won by focusing on domestic government agencies and financial cloud markets, according to its CEO, Thursday.“It's been a little over a year since NHN Cloud was established in April last year,” Kim Dong-hoon, CEO of NHN Cloud, said during a press conference in Seoul. “The biggest significance was that we became a unicorn company with an enterprise value of over 1 trillion won. Our sales in 2022 reached 160 billion won, with 30 percent coming from NHN Group's affiliates and about 70 percent from the public market.”“Although the external market situation is not good and the government's related budget is currently reduced, we are aiming for about 200 billion won this year. So far, we have secured around 5,000 customers,

Jun 22, 2023By Baek Byung-yeul
NHN Cloud CEO vows to achieve $155 million in sales this year

Naver, SK Telecom clash over AI manpower

Chung Suk-geun, former CEO of Naver CLOVA and current CEO of SK Telecom Americas / Courtesy of NaverBy Baek Byung-yeulNaver and SK Telecom are clashing over hiring artificial intelligence (AI) experts as the race to develop AI-based services intensifies, according to company officials, Wednesday. Naver Cloud, Naver's subsidiary that supervises its AI business, said it served notice to SK Telecom through a law firm on June 15, asking the mobile carrier to refrain from headhunting its AI development professionals.The letter stated that it could not tolerate a situation in which SK Telecom was serially recruiting its senior employees, including former Naver CLOVA CEO Chung Suk-geun as CEO of its U.S. subsidiary SK Telecom Americas. Chung was known for his contributions to the development of Naver's hyper-scale language model HyperCLOVA. A Naver Cloud spokesperson said that five senior employees who worked with Chung have also submitted their resignations in order to move to SK Telecom.“Five leadership-level employees who worked with Chung have resigned. Some of them are veteran em

Jun 21, 2023By Baek Byung-yeul
Naver, SK Telecom clash over AI manpower

Dyson launches new cordless vacuum cleaner with mopping feature

Charlie Park, vice president of Dyson, introduces the company's V12s Detect Slim Submarine cordless vacuum cleaner at the InterContinental Seoul COEX hotel, Wednesday. Courtesy of Dyson KoreaBy Baek Byung-yeulDyson launched a new cordless vacuum cleaner in the Korean market that can simultaneously remove dust and act as a mop, challenging Samsung Electronics, LG Electronics and Chinese companies that are offering their competitive cordless cleaners with mopping features, the company said Wednesday.Dyson said its new V12s Detect Slim Submarine applies a water-cleaning head to its cordless vacuum cleaner head, spraying 18 milliliters of water every minute to clean floors. It is designed to spray just the right amount of clean water to wipe away liquids, dirt and grime, the company said.Charlie Park, vice president of Dyson, said the company developed the product because the use of hard flooring continues to increase not only in Asia, but also in Western markets such as Europe and the U.S. “This is our first machine that cleans by wet floors. Sweeping wet floor clean and dry floor

Jun 21, 2023By Baek Byung-yeul
Dyson launches new cordless vacuum cleaner with mopping feature

Korea, US urged to expand space cooperation into commercial sector

Park Si-soo, left, CEO of Spaceradar, a local space market intelligence provider, speaks during the 2023 Korea Times Forum's second session discussing space cooperation between Korea and the United States, at the Korea Chamber of Commerce and Industry in central Seoul, Tuesday. The participants include Space Policy Research Center research fellow Shin Sang-woo, second from left, and Chung-Ang University political science and international relations professor Lee Seung-joo. From left on the screen are Center for Strategic and International Studies (CSIS) associate fellow Makena Young and NASA's international program specialist Peyton Blackstock, who joined the session online. Korea Times photo by Shim Hyun-chulBy Baek Byung-yeulKorea and the United States should strengthen not only military and scientific cooperation in the space industry, but also commerce cooperation in launch vehicles, satellites, semiconductors and tourism, as the combination of the U.S.' advanced technology and Korea's strong production capabilities can create synergy in the rapidly emerging industry, experts sai

Jun 20, 2023By Baek Byung-yeul
Korea, US urged to expand space cooperation into commercial sector

Gwangju to host region's largest future tech expo

By Ko Dong-hwanThe latest technological products will be featured in the largest expo of the country's southwestern region to spur future industries in Gwangju later this month.The Gwangju Future Industry Expo 2023 at Kimdaejung Convention Center will exhibit 14 essential technologies behind the country's vehicles, self-driving cars and auto parts manufacturing industries as well as those for electronic appliances, drones and robots. Some 500 booths prepared by over 300 companies nationwide are expected to be there to explain their products and consult on exports and purchases. Starting this year, the expo merged different exhibitions that had been held separately in North and South Jeolla provinces ― those for vehicles running on clean energies, local robot industries as well as IoT appliance robots. The merger has expanded this year's expo to a mega size, according to Kim Yong-seung, head of the Artificial Intelligence Industry Bureau under Gwangju's city government. Held for three days from June 29, the expo features the city's key future technologies including self-driving cars,

Jun 20, 2023By Ko Dong-hwan
Gwangju to host region's largest future tech expo

LG Innotek offers internships for foreign students in Korea

Jeong Cheol-dong, CEO of LG Innotek / Courtesy of LG InnotekBy Baek Byung-yeulLG Innotek is offering internships to foreign students studying in Korea for the first time in a bid to strengthen its recruitment of global professionals, the materials and components arm of LG Group said Monday.The company said the internship is open to international students who are in their third or fourth year at a university in Korea or in a master's or doctoral program. The company added preference will be given to Vietnamese, Chinese, Spanish, Polish and Indonesian speakers.Those who completed the internship program with excellence will be given a chance to become a full-time employee after undergoing an interview, LG Innotek said.The company said the students in the internship program will be able to gain hands-on experience in various departments, such as R&D, marketing, production technology, business planning, finance, purchasing and HR from July 20 to August 17.LG Innotek plans to assign mentors to foreign students to help them experience Korean corporate culture and organize various networ

Jun 19, 2023By Baek Byung-yeul
LG Innotek offers internships for foreign students in Korea

LG unveils 'captioning' AI at computer vision conference

Lee Hong-lak, chief scientist of AI at LG AI Research, explains LG's Zero-shot Image Captioning technology during the Computer Vision and Pattern Recognition 2023 event in Vancouver, Sunday (local time). Courtesy of LG Corp.By Baek Byung-yeulLG unveiled Captioning AI, a generative AI service that recognizes elements in an image and generates descriptions and keywords, raising expectations about how the Korean conglomerate can impact the market where generative AI services such as ChatGPT are driving change, according to LG Corp., Monday.LG Corp., a holding company of LG Group, said LG AI Research unveiled its Captioning AI service at the Computer Vision and Pattern Recognition 2023 event, the world's largest computer vision conference held in Vancouver, Canada, Sunday (local time).LG said the service is based on LG AI Research's Zero-shot Image Captioning, a technology that enables AI to understand and describe objects or scenes it sees for the first time using its previous experience and knowledge, just as humans do.The company explained that Captioning AI is different from AI servi

Jun 19, 2023By Baek Byung-yeul
LG unveils 'captioning' AI at computer vision conference

LG CNS trains students in rural areas for digital empowerment

Students of Ganggu Middle School in Yeongdeok, North Gyeongsang Province, build an AI technology-powered logistics robot during LG CNS AI Genius class, June 14. Courtesy of LG CNSBy Baek Byung-yeulLG CNS is strengthening the digital education of students in rural areas through AI Genius, a program linking digital transformation and social contribution, according to the company, Sunday.The company said it provided digital education such as artificial intelligence (AI) technology training, to 60 students from Ganggu Middle School and Byeonggok Middle School in Yeongdeok, North Gyeongsang Province, on Nov. 14.During the six-hour program, students learned about new technologies such as AI logistics robots, AI chatbots and MyData, which allows users to manage their own financial data. They also had chances to create their own services.Students of Ganggu Middle School in Yeongdeok, North Gyeongsang Province, pose with AI logistics robots they made during LG CNS AI Genius Class, June 14. Courtesy of LG CNSThe AI logistics robot class was a time to experience the core digital transformation

Jun 18, 2023By Baek Byung-yeul
LG CNS trains students in rural areas for digital empowerment

Gov't expands moves to block resurfacing illegal streaming site

Seen is the landing page of illegal streaming site Noonoo TV Season 2. The Ministry of Science and ICT said Sunday that it is working with government agencies and internet service providers to block domestic access to the site. Captured from the siteBy Baek Byung-yeulThe government is stepping up its crackdown on Noonoo TV, which illegally provides content of domestic video streaming services such as Wavve and Tving as well as overseas platform Netflix, by blocking access to the site, applying the latest detecting technology, according to the ICT ministry, Sunday. Launched in 2021, Noonoo TV is an illegal streaming site with servers in the Dominican Republic, Paraguay and other foreign countries. It had disrupted the local video streaming ecosystem by streaming movies, dramas and animations for free. Instead of providing free services, the site has made a profit by advertising illegal gambling sites.Noonoo TV's monthly active users once exceeded 10 million and domestic streaming platform providers claimed that the economic loss to the content industry was estimated to be close to 5 t

Jun 18, 2023By Baek Byung-yeul
Gov't expands moves to block resurfacing illegal streaming site
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