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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.

Mass resignations, layoffs seen as major threat to corporate cybersecurity

Proofpoint Korea Country Manager Lee Seok-ho speaks during a press conference at WeWork Samseong Station in Seoul, Thursday. Courtesy of Proofpoint KoreaBy Park Jae-hyukThe Great Resignation, an ongoing economic trend of employees quitting their jobs in high numbers starting in early 2021, as well as mass layoffs resulting from economic uncertainty, threaten the cybersecurity of Korean and global companies, Proofpoint's survey of chief information security officers (CISOs) in 16 countries showed Thursday.The U.S. enterprise security company said during a press conference in Seoul that 83 percent of CISOs at Korea's major companies responded that employees leaving their organizations have played a role in data loss events. The number was a bit higher than the global average of 82 percent.In addition, only 38 percent of Korean CISOs were confident about the adequacy of their organizations' data protection systems. This was much lower than the global average of 60 percent.Among the Korean respondents, 75 percent answered that their organizations are at risk of experiencing material cybe

May 18, 2023By Park Jae-hyuk
Mass resignations, layoffs seen as major threat to corporate cybersecurity

Climate, energy fair in Busan to explore policies, technologies for sustainable future

Participants take a photoshoot at the 'ClimateTech Startup Challenge' at COEX, Seoul, May 8. YonhapA major climate and energy industry fair will take place in the southern port city of Busan next week, showcasing the latest environmentally friendly technologies and offering forums on policies for a sustainable future, organizers said Wednesday. The 2023 World Climate Industry Expo (WCE) will be held from May 25 to 27 at the Busan Exhibition and Convention Center (BEXCO) in the city, 325 kilometers southeast of Seoul, under the theme "Rising above the Climate Crisis towards Sustainable Prosperity."The nation's largest exhibition of climate change and the energy industry is jointly organized by 11 ministries, including the environment, science, foreign and industry ministries, along with 14 public entities, such as the Busan city government, the Korea Chamber of Commerce and Industry (KCCI) and the Korea International Trade Association (KITA).According to the Busan government, more than 500 companies, including Samsung Electronics, LG Electronics, Hyundai Motor, BMW, RWE and Equinor, w

May 17, 2023
Climate, energy fair in Busan to explore policies, technologies for sustainable future

Nuri rocket, Danuri orbiter are biggest achievements of Yoon administration: science minister

Lee Jong-ho, minister of science and ICT, speaks during a press conference to mark his first anniversary in office at the ministry's headquarters in Sejong, Wednesday. Courtesy of Ministry of Science and ICTBy Baek Byung-yeulOne of the biggest achievements of the government, in the field of science and technology over the past year, since President Yoon Suk Yeol took office in May 2022, comes from the space sector. In particular the successful launches of the Nuri launch vehicle and the Danuri lunar orbiter, the minister of science and ICT said Wednesday.“With the successful launch of the Nuri rocket in June last year and the transfer of launch vehicle technology to private companies, I believe the era of a private-led space economy has begun. Following the successful launch of Korea's first lunar orbiter, Danuri, into lunar orbit, we presented a blueprint for landing on Mars by 2045,” Lee Jong-ho, minister of science and ICT, said in a press conference in the ministry's headquarters in Sejong.“We are also in the process of launching the space agency, a dedicated sp

May 17, 2023By Baek Byung-yeul
Nuri rocket, Danuri orbiter are biggest achievements of Yoon administration: science minister

ChatGPT's chief to testify before Congress as concerns grow about artificial intelligence's risks

The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, March 21, 2023, in Boston. The head of the artificial intelligence company that makes ChatGPT is set to testify to Congress as lawmakers call for new rules to guide the rapid development of AI technology. OpenAI CEO Sam Altman is scheduled to speak at a Senate hearing Tuesday, May 16. AP-YonhapThe head of the artificial intelligence company that makes ChatGPT is set to testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.OpenAI CEO Sam Altman is scheduled to speak at a Senate hearing Tuesday.His San Francisco-based startup rocketed to public attention after its release late last year of ChatGPT, a free chatbot tool that answers questions with convincingly human-like responses.What started out as a panic among educators about ChatGPT's use to cheat on homework assignments has expanded to broader concerns about the ability of the latest crop of “generative AI” tools to mislead people, spread falsehoods , violate copyright

May 16, 2023
ChatGPT's chief to testify before Congress as concerns grow about artificial intelligence's risks

Upstage unveils new AI services

Kim Sung-hoon, founder and CEO of Upstage, speaks during a press conference at Ferrum Tower in central Seoul, Tuesday. Courtesy of UpstageBy Baek Byung-yeulUpstage, a local artificial intelligence (AI) technology startup, has unveiled two AI services according to the company, Tuesday. The services are Document AI Pack, an optical character recognition (OCR) technology-based document processor; and AskUp Seargest, an AI chat service that combines search and recommendation features.Document AI Pack is an AI solution that can be utilized in various fields such as finance, insurance and health care, Upstage said. Using OCR technology, the service converts documents in image or PDF format to text and then extracts and summarizes the content of the required documents using natural language processing technology.“This solution can help companies improve the efficiency and accuracy of document management and processing. Customers such as Samsung Life Insurance, Hanwha Life Insurance and POSCO Holdings have been using our service,” Kim Sung-hoon, founder and CEO of Upstage said du

May 16, 2023By Baek Byung-yeul
Upstage unveils new AI services

Crypto exchanges Upbit, Bithumb raided over opposition lawmaker's cryptocurrency scandal

A man checks the prices of virtual currencies displayed on an electronic billboard in Bithumb's customer center in southern Seoul, April 27. YonhapProsecutors raided two of South Korea's local cryptocurrency exchanges Monday as part of an investigation into the snowballing suspicions surrounding independent lawmaker Kim Nam-kuk's digital assets, officials said.A team of investigators from the Seoul Southern District Prosecutors Office seized transaction records and other materials from the exchanges Upbit, Bithumb and Kakao Klip, a blockchain platform under the local tech giant Kakao Corp., they said.The move came as Rep. Kim has come under fire following revelations he owned around 800,000 Wemix coins in 2021, worth around 6 billion won (US$4.5 million), a significant amount inconsistent with his frugal image. Suspicions have arisen over where the money came from and whether he used insider information.The first-term lawmaker, who quit the main opposition Democratic Party on Sunday, has also faced allegations he traded cryptocurrency coins while he was attending at least two meeting

May 15, 2023
Crypto exchanges Upbit, Bithumb raided over opposition lawmaker's cryptocurrency scandal

Samsung to collaborate with Bank of Korea on CBDC

Choi Won-joon, right, executive vice president and head of R&D office at Mobile eXperience (MX) Division of Samsung Electronics, poses with Lee Seung-heon, senior deputy governor of Bank of Korea, after agreeing to cooperate on central bank digital currency technology at Samsung's headquarters in Suwon, Gyeonggi Province, Monday. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics will conduct joint research with the Bank of Korea (BOK) to develop an ecosystem for a central bank digital currency (CBDC), according to the company, Monday. The two sides signed a memorandum of understanding that day at Samsung's headquarters in Suwon, Gyeonggi Province. CBDC is a central bank-issued digital currency and many countries are preparing to launch their own digital currencies for more transparent and secure transactions.Through the agreement, Samsung and the BOK will continue to conduct research on a BOK-issued CBDC and collaborate in the offline payment sector.Samsung already joined the BOK-led CBDC pilot project last year . At that time, it developed offline CBDC technol

May 15, 2023By Baek Byung-yeul
Samsung to collaborate with Bank of Korea on CBDC

Italy's antitrust watchdog probes Apple over competition in app market

This May 30, 2019, file photo shows the logo of American multinational technology company Apple in Milan. AFP-YonhapItaly's antitrust authority is probing allegations that Apple is abusing its dominant position in the app market, thwarting competition, officials said Thursday.The authority alleges that Apple's privacy policy for third-party developers is more restrictive than the one applied to its own apps, using language that discourages tracking.In addition, the antitrust authority alleges that outside developers also face restrictions in the quality of data provided by Apple regarding the effectiveness of advertising, impacting revenues in favor of Apple's own apps.The authority said the data is essential in outlining the appeal of the app to potential advertisers. “The presumed discriminatory conduct by Apple can cause a drop in advertising proceeds by third-party developers, in favor of its own commercial division,” as well as impeding competition on the Apple app market, it said. (AP)

May 11, 2023
Italy's antitrust watchdog probes Apple over competition in app market

Korea urged to dive deeper into space industry, beef up partnership with US: experts

Yang Jae-seok, right an attorney at D'LIGHT Law Group, speaks during a space industry seminar in Seoul, Wednesday. Courtesy of D'LIGHT Law GroupBy Baek Byung-yeulAmid growing interest in space following the success of the Nuri launch vehicle and the Danuri lunar orbiter, experts said Wednesday that the space industry will be one of the major drivers of Korea's industrial development in the future.While President Yoon Suk Yeol's state visit to the United States last month led to a decision to strengthen cooperation with Washington in the space sector, such as lunar exploration and deep space communications, they added Korea needs to further strengthen partnerships with the U.S., which leads the industry.“The space industry has been dominated by the U.S. The reason for this is that the U.S. has the most space assets in the world and obviously it wants to control the hegemony of the space industry,” Park Si-soo, CEO of Spaceradar, a local space market intelligence provider, said during a seminar on the current state of the space industry held in Seoul. The seminar was hosted

May 11, 2023By Baek Byung-yeul
Korea urged to dive deeper into space industry, beef up partnership with US: experts

INTERVIEW OLED displays: another axis in S. Korea-US alliance

Jusung Engineering Chairman and CEO Hwang Chul-joo speaks during a recent interview with The Korea Times at the company's research center in Yongin, Gyeonggi Province. Korea Times photo by Choi Won-sukS. Korea, US need national OLED display strategy: Jusung chief By Kim Yoo-chulThe core of today's high-profile contest between the United States and China is Washington's aim of trying to curb Beijing's steady growth in chip-related areas. Especially in artificial intelligence, quantum technology, nanotechnology, quantum computing and data science.Because even the success or failure of a series of measures currently being applied by the Joe Biden administration, such as its imposition of export controls of the latest chip-making tools needed to manufacture the most-advanced logic chips, it could have a profound effect on the Washington-Beijing tussle moving forward. Some policymakers and experts in Korea believe that there is a possibility that the U.S. may impose export controls on China's OLED display industry.Essentially, semiconductors serve as the brainpower in all of today's digit

May 11, 2023By Kim Yoo-chul
[INTERVIEW] OLED displays: another axis in S. Korea-US alliance
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