As robot adoption accelerates, leading domestic robotics firms including HD Hyundai Robotics, Doosan Robotics, and Hanwha Robotics are shifting focus from stationary collaborative robots (cobots) to mobile robots that move autonomously, heating up the undercurrent of competition.According to industr
SK telecom signed a memorandum of understanding (MOU) with the Seoul Veterinary Medical Association (SVMA) to expand healthcare for pets using artificial intelligence (AI) on Sept. 15.SK telecom and the Seoul Veterinary Medical Association will cooperate to establish an AI-based pet care system by s
Answering AI startup, 42Maru, announced its participation in Global Mobile Vision 2023 (GMV 2023) to be held at the Grand Hyatt Seoul from Sept. 12 to 13.Celebrating its 16th year, GMV 2023 is an ICT-focused export consultation event hosted by KOTRA in collaboration with institutions such as Naver C
Gureumus Co., Ltd., a pioneer in AI-based next-generation facial recognition solutions, announced that it presented its FaceTracker solution during the 2023 K-ICT WEEK in Busan, the largest integrated ICT event in the Yeongnam region, spanning from Wednesday, September 6th, to Friday, September 8th.
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
HD Korea Shipbuilding & Offshore Engineering, a core subsidiary of HD Hyundai, has delivered the world’s first ship equipped with an “AI engineer.” Recently, HD Korea Shipbuilding & Offshore Engineering announced that it delivered a 180,000-ton Liquid Natural Gas (LNG) powered bulk carrier equipped
Mirae Asset Global Investments announced on Aug. 16 that it has acquired Stockspot, an Australian robo-advisor specialist firm. The acquisition price is approximately 28 million Australian dollars (US$18 million), with Mirae Asset Global Investments acquiring approximately 53% of Stockspot’s shares.
KT Group will invest 15 billion won in Moreh, a Korean artificial intelligence (AI) infrastructure software company. The company plans to make a major change in domestic AI service and solution ecosystems that rely on Nvidia’s software by joining forces with companies with unique technologies in the
Both domestic and global information technology (IT) giants are now joining pharmaceutical and biotech companies in utilizing artificial intelligence (AI) for drug development. Some AI drug development firms are currently in the process of going public through initial public offerings (IPOs).Accordi
Fifteen companies, including GoPizza and Mathpresso, were selected as this year’s prospective unicorns after overcoming an 8-to-1 competition ratio. This year, a new global category was created for the could-be unicorns, and many startups that could play an active role in the overseas stage were sel
The government, domestic AI semiconductor, and cloud industries are teaming up to challenge the dominance of Nvidia, adopting a strategy to respond to the generative AI era with ultra-fast, low-power domestic AI semiconductors like what ChatGPT uses.On June 26, Lee Jong-ho, minister of science and I
SK telecom (SKT) announced that “K-Artificial Intelligence (AI) Alliance” partner representatives, including President Yoo Young-sang, gathered in Silicon Valley in the U.S. on June 16 to discuss ways to enhance business cooperation to lead the global AI ecosystem.The K-AI Alliance now consists of 1
The world's first four-wheeled robot that can freely climb stairs, a drone managing Lotte World Tower, the tallest building in Korea, and an AI-based music service platform are all products of startups that Hyundai Motor Group has invested in.The Hyundai Motor Group announced on June 15 that it
The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, signed an MOU in the fields of advanced manufacturing and robotics with research institutes in Spain and Greece, two of E
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.Pharmaceutical/bio sector to rebound in 2H23 on favorable macro conditions and progress in new drug pipelinesPharmaceutical/bio stocks have fallen out of investors’ favor with valuations declining on
On May 3th, Animal Industry Data Korea (AIDKOREA) announced that its Farmsplan digital healthcare solution for livestock has won the bronze prize in the Food and Agriculture AI Advancement category at the prestigious 2023 Edison Awards. The Edison Awards recognize exceptional technological innovatio
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Truen is an AI-based video surveillance solutions company, with its business portfolio consisting of the Edge AI camera, IP cameras, video streaming solutions, and IoT equipment. Boasting the
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.As an IT solutions provider, Tomato System mainly focuses on IT systems and UI/UX solutions. Margin improvement is in progress, backed by sales growth for high value-added solutions products.
Coupang took the wraps off the automated logistics system based on artificial intelligence (AI) and big data at the Daegu Fulfillment Center (Daegu FC) in Daegu, Korea. The center was completed in March 2022.Daegu FC is one of the largest logistics centers in Asia and integrates Coupang's logist
U.S. startup Solid Energy Systems (SES) has started test production of lithium metal batteries (LMBs) in South Korea. The company is aiming to start mass production in 2025 through collaboration with South Korean electric vehicle (EV) and EV battery companies.The test production is underway in its p