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July 12
- AWS GameDay 2024: Financial Sector IT Developers' Intense Showdown1. Financial institutions competed in a game-like environment using AI to solve real-world problems; 2. Teams from 19 financial firms participated, taking on the role of new employees at a fictional company, Unicorn Rental, to manage transportation assignments and health care; 3. The winning team, a joint team from WooriFIS and Woori Bank named 'Wo.Ri.Mid', secured victory by overtaking the 4th place just 10 minutes before the end of the competition.
- KISA Hosts 'Asia-Pacific Internet Governance Academy' to Cultivate Young Leaders1. KISA held the 'Asia-Pacific Internet Governance Academy (APIGA)' in Busan for 5 days; 2. The event included hands-on sessions and discussions on topics such as generative AI and the latest UN AI trends; 3. Participants from 23 countries engaged in policy development and decision-making processes through workshops and mock international agency meetings.
- NIPA Appoints National Inspection Team for Third Phase of ICT Regulation Sandbox1. The National Inspection Team is tasked with reviewing the safety of innovative services before they are released to the market from a national perspective; 2. The team is composed of experts from various fields, including consumer groups, ICT associations, and insurance professionals; 3. The focus of the third phase includes enhancing user safety, preventing and responding to accidents, protecting users, and minimizing security threats through platform vulnerability analysis.
- Baemin Expands Advertising Space: Shop Owners' Worries vs Expectations1. Baemin expands advertising space; 2. Shop owners express concerns and expectations; 3. Baemin emphasizes potential sales and profit increase.
- China's AI Presence Grows Despite US Obstacles1. Chinese companies lead in adopting generative AI technologies, with 83% of respondents indicating use; 2. China's AI industry is rapidly expanding, with over 4,300 AI-related firms and a sector size exceeding 500 billion yuan; 3. The Chinese government aims to accelerate AI integration into the national economy and establish standards by 2026 to fundamentally transform industrial production and economic development patterns.
July 11
- Environment Ministry Strengthens Safety Management for Disassembly, Transportation, and Storage of Spent Batteries1. The Ministry of Environment visits a recycling center to inspect safety management; 2. Development of a fire detection kit for safe disassembly and transportation of spent batteries; 3. Plans to enhance current safety standards with reference to overseas cases.
- Kakao Enterprise, Kakao Cloud-Based AI Developer Bootcamp Held, etc.1. Kakao Cloud hosts an AI developer bootcamp leveraging NVIDIA GPUs; 2. Kim Tae-jin of RaonSecure receives Prime Minister's commendation for digital development contributions; 3. Park Chan-eom of Stealien receives Presidential commendation for cybersecurity contributions.
- SBA, Seoul Software Academy (SeSAC) Seongdong Campus DT Course 4th Term Student Recruitment1. The Seongdong Campus 4th term educational program consists of two courses in IT service planning and digital marketing, with a total of 61 students. 2. Anyone over 15 years old with a desire to work in Seoul can apply through the SeSAC website by July 28th. 3. The program includes comprehensive career support, such as job matching, resume and cover letter editing, and portfolio consulting, with a goal of achieving a high employment rate.
July 10
- IT Professionals Gather for July Seminar1. The seminar was held with participation of IT professionals from large, medium, and small enterprises; 2. The event included presentations on carbon emissions and ESG management solutions; 3. Plans for future activities such as drone education for middle-aged adults and youth, and a solution day in collaboration with Seoul Digital Foundation were discussed.
- Fair Trade Commission Investigates YouTube Music 'Bundling'... What About Coupang?1. The Fair Trade Commission (FTC) has initiated an investigation into Google for potential 'bundling' practices with YouTube Music; 2. Concerns have been raised about Coupang Play and Coupang Eats discounts offered through Coupang Wow Membership, suggesting they may limit consumer choice through bundling; 3. Industry experts argue that while YouTube holds a dominant position in the video market, Coupang's position in the retail market is less clear, making direct comparisons between the two cases difficult.
July 9
- Metabuild-Soongsil University Spartan SW Education Center Collaborate to Cultivate SW Talent1. Metabuild and Soongsil University Spartan SW Education Center sign MOU to collaborate on SW talent development; 2. The collaboration includes various aspects such as education, internships, and joint projects; 3. Metabuild, established in 1998, is a specialist company in AI and data integration, providing various platforms and middleware solutions.
- Manduro, Robotic Hand Startup, Secures Pre-Series A Investment1. Manduro, a specialist in robotic prosthetic hands, has secured pre-Series A investment from various investors; 2. The company has been developing low-cost, lightweight robotic hands for amputees since 2015 and has received support from various programs and organizations; 3. Manduro plans to use the investment to enhance its robotic hand products and expand into new robotics markets, including humanoid and autonomous robots.
- Chollian, Service Ends After 39 Years...All PC Communications Become 'History'1. Chollian, known for PC communications, will end its service at the end of October, marking the end of the era of PC communications in Korea; 2. The service operator, Mediawill, announced the final closure of Chollian services on October 31; 3. Chollian will open backup functions for email and address books from July 11, and will support data storage and email migration for users, with a complete service shutdown on October 31.
July 8
- AhnLab Launches Cyber Security Education for Elementary Students1. AhnLab has developed and distributed a cyber security curriculum aimed at elementary students to protect them from increasing cyber attacks; 2. The curriculum includes cyber crime cases, security concepts, educational games, and teaching guides for educators; 3. AhnLab plans to continuously update the curriculum and add content on various cyber threats such as phishing and malicious apps.
- Jab & People Connecting Days1. Bringing together job seekers, HR professionals, and companies; 2. Sharing insights and understanding perspectives; 3. Facilitating networking and expert talks.
- Galaxy S24 Ultra to Receive Major Camera Update Next Month1. The Samsung Galaxy S24 Ultra is set to receive a significant camera update in the coming month, as reported by IT media SamMobile. 2. The update is expected to include optimizations for white balance, HDR, overprocessing, overexposure, face recognition, and video zoom. 3. The upcoming Galaxy S25 Ultra model is anticipated to feature a quad-camera setup with a 200MP main camera and three 50MP auxiliary cameras, promising substantial improvements over its predecessor.
- Hanmoonil Resigns from Musinsa, Transition to Two-Representative System1. Hanmoonil Resigns from Musinsa; 2. Transition to Two-Representative System with Cho Manho and Park Junmo; 3. Focus on Health and Regular Exercise for Hanmoonil
- Dassault Systèmes Partners with Aekyung to Build PLM System1. Aekyung Industry partners with Dassault Systèmes to enhance product lifecycle management (PLM); 2. The collaboration aims to digitalize new product development and project management; 3. The goal is to improve efficiency and responsiveness to consumer trends.
- Google Cloud Updates Vertex AI Platform with Enhanced Models and Enterprise Features1. Google Cloud officially releases Gemini 1.5 Flash, offering low latency, competitive pricing, and a groundbreaking 1 million token context window, suitable for a wide range of large-scale use cases from retail chat agents to document processing and research agents. 2. Gemini 1.5 Flash provides significant advantages over comparable models like GPT-3.5 Turbo, with a 60-fold longer context window and 40% faster speed on average for 10,000 character inputs, and up to 4 times cost savings for inputs over 32,000 characters. 3. Gemini 1.5 Pro, supporting up to 2 million tokens, is also officially released, enabling various multimodal use cases. Google Cloud provides context caching functionality to help customers efficiently utilize the vast context windows of Gemini 1.5 Pro and Gemini Flash models.
- Apple to Overhaul Siri with Enhanced AI Features in Early Next Year1. Apple's new AI system, 'Apple Intelligence,' is expected to support Siri with a major upgrade in spring 2025, with beta testing likely to start in January. 2. The upgraded Siri will be able to control actions within mobile apps through voice commands and understand the content on the screen to decide on tasks based on the context. 3. However, new designs and ChatGPT integration features for Siri are expected to be released in the fall with Apple Intelligence.
- Death Stranding 2, Possible Reveal at TGS 20241. Hideo Kojima teases TGS 2024 on X (formerly Twitter); 2. Speculation about the reveal of Death Stranding 2 at the event; 3. Previous information about Death Stranding 2 was shared during a State of Play in February.
- Roborock Offers 30% Discount on 'Qurevo' During Coupang's July Powerful Week1. Roborock is participating in Coupang's July Powerful Week promotion with discounts on its robot vacuum cleaner, Qurevo. 2. Qurevo features a powerful suction of 5,500Pa and a rotating mop, with an automatic mop lifting function and self-cleaning/drying capabilities. 3. The promotion includes discounts on various models of robot vacuum cleaners and cordless vacuum cleaners, with savings of up to 32%.
- Korea Oracle and Korea Scholarship Foundation Conduct Corporate Visit Program1. Korea Oracle and Korea Scholarship Foundation collaborated for a corporate visit program aimed at university students aspiring to be future leaders; 2. The program, part of the Korea Scholarship Foundation's mentoring program, aimed to enhance the employability of mentees; 3. It included an offline and online session with 73 students participating, featuring a special lecture by the Korea Oracle president and a Q&A session with current employees.
July 6
- Netflix Considering Removal of 'Basic Subscription Plan'1. Netflix is considering removing its cheapest ad-free plan, the 'Basic Subscription'; 2. The company is expanding ad-supported plans in some countries and may apply this change globally; 3. Netflix has already begun the process of phasing out the Basic Subscription in certain markets.
- CGV to Live Stream Taemin's Fan Meeting1. CGV will live stream Taemin's fan meeting on July 13th; 2. The event will include a gift of Taemin's photo card for attendees; 3. CGV's ICECON platform will also feature various other live performances and concerts.
- The Hot Summer Sea and 'The New Jeep Wrangler'1. The New 2024 Jeep Wrangler is available in three trim levels, with prices starting from 69.7 million won; 2. The vehicle is designed for both urban and outdoor adventures, offering a comfortable ride and advanced technology; 3. The Wrangler's iconic design has been updated with a larger grille and LED headlights, providing improved visibility.
July 5
- Bitoon, AI Business Expansion with $120 Million Investment1. Bitoon secures $120 million in operating funds; 2. Focuses on AI learning data quality management solution; 3. Aims for profitability this year.
- GS Power Wins Top Award at 2024 Process Safety Management Excellence Conference1. GS Power's intelligent and systematic safety management system recognized for excellence; 2. Company's efforts in process safety management (PSM) highlighted at the conference; 3. GS Power commits to further enhancing safety and health levels with AI technology and sharing best practices with partners.
- Hyundai Motor Company Faces Labor Negotiations Challenges1. Hyundai Motor Company and its labor union are in the midst of contentious wage negotiations. 2. The union has announced partial strikes for July 10th and 11th. 3. The company is also facing concerns about automation and the need to maintain competitiveness.
- Wibeersoft Secures Seed Investment from Hanyang University Technology Holding Company1. Wibeersoft, a middleware specialist, has secured seed investment from Hanyang University Technology Holding Company; 2. The company has developed an API security and monitoring solution called 'OSORI' using the Rust programming language; 3. The 'OSORI' product, commercialized in Rust, has demonstrated superior performance and memory efficiency compared to Java-based products in a proof of concept test conducted by a financial institution.