MedPacto, Inc., a genome-based drug discovery and clinical-stage biotechnology company, announced on Feb. 11 that it has partnered with HITS, an artificial intelligence (AI) drug discovery company, to co-develop new drugs.Under the terms of the agreement, the two companies will practice drug develop
The Korea Institute of Machinery and Materials (KIMM) has developed an AI-based smart robot to facilitate a safe means of automated infectious disease prevention even in crowded, indoor facilities.Unlike the existing autonomous infectious disease prevention robotics technology, which could only ster
Naver has recruited young scholars, including a professor at the Massachusetts Institute of Technology (MIT), to upgrade its AI-powered search services.The company announced on Jan. 24 that it has recently recruited Professor Kim Yoon-hyung of MIT and Professor Karl Stratos of Rutgers University as
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. VAIV Company’s digital twin and metaverse businesses, which we mentioned at the beginning of the year, are delivering tangible results. The firm is rapidly securing a solid position within its ind
KT will develop early cancer diagnosis technology using medical artificial intelligence (AI) by banding together with Vietnam’s National Cancer Center, which has the largest number of medical staff members and beds in Vietnam.KT announced on Dec. 19 that it has signed an MOU with Vietnam’s National
The importance of software is continuing to increase in the automotive industry with the development of electric vehicles, autonomous driving and connected cars. Multiple hardware components and controllers used in internal combustion engine vehicles are being replaced with integrated software. For
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 3Q21 earnings beat market consensus on strong AI/DX business— KT reported 3Q21 preliminary earnings with consolidated revenue of KRW6.22tn (+3.6% YoY), OP of KRW382.4bn (+30.0% YoY) and NP (to control. i
Standigm Inc., a Korean leading workflow artificial intelligence (AI) drug discovery company, announced on Nov. 3 that the company has filed PCT (Patent Cooperation Treaty) patent application covering AI-driven repurposed drugs for primary mitochondrial disease.The company collaborated with a U.S. h
The authors are analysts of Shinhan Investment Corp. They can be reached at jy.son@shinhan.com and bh.lee@shinhan.com, respectively. -- Ed. 3Q21 operating profit to reach KRW33bn (+111.3% YoY)Golfzon is expected to have posted operating profit of KRW33bn (+111.3% YoY) on sales of KRW110.1bn (+38.3%
Multiple digital insurance companies are scheduled to debut in the second half of this year. The domestic insurance market is expected to be reshaped with the rapid development of information and communications technology.KakaoPay’s digital non-life insurance company is scheduled to enter the market
Samsung Electronics has showcased its latest advancements with processing-in-memory (PIM) technology at Hot Chips 33—a leading semiconductor conference where the most notable microprocessor and IC innovations are unveiled each year.Samsung’s revelations include the first successful integration of it
StradVision, a Korean startup specializing in AI-based vision processing technology for autonomous vehicles and ADAS systems, announced on Aug. 9 that it has established a subsidiary in Shanghai and appointed Frank Liu, a local industry expert, as new sales director to strengthen its business in th
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Wanted Lab stands as the operator of Wanted, an AI-based recruitment/career development platform. Wanted is enjoying rapid expansion, thanks to a paradigm shift in the recruitment market, it
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 2Q21E earnings to come in line with market consensus We maintain BUY and our TP of KRW260,000 (derived using the DCF model; based on 6.52% WACC and 1% TGR) as we expect 2Q21E OP (KRW230.5bn) to satisfy t
Hana Bank has launched a loan product based on an AI-powered quick loan assessment system.The AI system can check customers’ credit limits in just one minute. It takes only three minutes for the whole lending process to be completed. It is the first product in the domestic financial industry where A
Samsung SDS has launched “Brightics Supporters,” which is a team of college students recruited to carry out data analytics tasks by using Brightics AI over the following five months.Brightics AI is an AI-based data analytics platform of Samsung SDS that enables users to quickly collect and analyze m
As Edtech startups continue to rake in investment with the newfound demand for remote learning, Ringle, the South Korea-based provider of one-on-one English tutoring lessons and a member of Born2Global Centre, has raised US$18 million Series A funding led by Must Asset Management. The company starte
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. Finding the right name for your business can be a tricky task, and why wouldn't that be? The name of your business should be one thing that comes at the top of your ch
LG CNS released a Japanese version of “AI Speak Tutor,” an artificial intelligence (AI)-based English learning program, in Japan on April 12 in partnership with Aeon, a local language teaching company.Aeon is a subsidiary of Japan's second-largest telecommunications company, KDDI Group, and is a
SpaceT, Genstarmate, Avison Young Korea, and DDB Korea signed a memorandum of understanding (MOU) on April 6 to promote a personal air vehicle (PAV) ride-sharing platform service.The four companies are promoting a service that provides consumers with the ability to check the location of a drone, use