A laboratory accommodating five cutting-edge 3D printers, a never-before-seen collection of Internet of Things (IoT) parts, and a financial technology (fintech) support center. Those futuristic terms and related devices that may be new to most people are being tested and developed at the Gyeonggi Center for Creative Economy & Innovation, a facility that mobile carrier KT opened March 30 along with the local government and other public organizations.
Under the creative economy agenda pushed by the Park Geun-hye administration, conglomerates and major enterprises have joined forces with the government to open a series of innovation centers; the KT center in this technology hub, often compared to Silicon Valley, is the eighth of 17 planned. Ten days after its official opening led by the Blue House and KT, tech reporters were invited for a tour last Friday and to talk to employees and heads of companies that have nestled into the space KT rented after seeing their potential.
The government plans to designate two cities where local and foreign companies developing businesses related to Internet of Things (IoT) technologies can test products and services and get consumer feedback. Under the plan, the central and regional governments will establish a fund to establish super-fast telecom networks and basic data transfer infrastructures. The cities will test smart health care devices and a digitized public administration system. The testing will last three years.
The Ministry of Science, ICT and Future Planning (MSIP) announced Thursday it will allocate 12.6 billion won ($11.5 million) this year for the project, 7.5 billion won for the smart health care project and 5.1 billion for the smart public administration project. The ministry will begin accepting project applications from city governments today. The IoT test-bed project is part of the government’s effort to help private sector IT companies, and it will be a first step toward studying the impact of IoT devices on the legal system.
Samsung Electronics has established a team to work on hi-tech innovative business projects, officials said Monday. Its core mission includes projects on virtual reality, robotic telepresence, drones and robots, three-dimensional (3D) printing and unmanned vehicles.”The team will explore how technologies could help people’s daily life for a better future,” an official said.
Samsung mobile chief Shin Jong-kyun will lead the team inside the mobile division.
The team, which has no direct links with the company structure and divisions, will operate independently. “Given the significance of the team, members will have more authority and independence because the main purpose of the team isn’t to develop single devices for any imminent results, but to develop solutions to go with Samsung’s manufacturing capabilities,” the official said.
Three Korean mobile carriers will make a full-scale investment this year in facilities for next-generation technologies for 5G, the Internet of Things (IoT), and GiGA Internet. According to industry sources on Feb. 5, three carriers announced that they will make a nearly 6.5 trillion won (US$6.0 billion) investment in facilities this year during their briefings on results for Q4 2014. SK Telecom is planning to do 2 trillion won (US$1.8 billion), KT 2.7 trillion won (US$2.5 billion), and LG U+ 1.7 trillion won (US$1.5 billion). Although KT’s investment in 2015 is expected to go up 7 percent from the previous year, the number for SKT and LG U+ is a year-on-year decline of 6.8 percent and 23 percent, respectively.
The total investments by the three carriers are projected to decrease this year, as they were around 7 trillion won in the past. The phenomenon is due to the fact that they do not heavily invest in LTE facilities anymore, following a rapid increase in investment over the last four years. In other words, competition between mobile carriers to build LTE networks nationwide, which started in 2011, is coming to an end.
A senior executive at Samsung Electronics said Wednesday that it plans to mass-produce chips to be used in various healthcare devices within the next three years. “Samsung is in the process of developing chips to be used in wearable devices. We aim to mass-produce such chips in the next two or three years,” said E.S. Jung, executive vice president of the firm’s semiconductor research center. He made the remarks in a keynote speech at the SEMICON Korea conference in the COEX Convention Center, southern Seoul.He said memory chips will play critical role in the Internet of Things (IoT) as every single product from leading manufacturers will be connected.
Samsung Electronics has said that all its appliances will be connected by 2020.
“Samsung is looking toward wearable memory chips,” Jung said. The company is betting on healthcare, and is collaborating with IBM, Microsoft and SAP to put their health platforms on Samsung devices. Jung said semiconductors are the basis of its healthcare products.
Samsung Electronics said Tuesday a new order prevails in the global consumer electronics industry with the Internet of Things (IoT) leading the way, prompting it to search for new business opportunities in the field. “There’s no question that IoT is the next key driver for Samsung,” Samsung Electronics co-CEO Yoon Boo-keun said at a news conference in Seoul. Yoon said Samsung wants IoT to be totally open. “By 2020, every single product that Samsung sells will be connected,” he said. He said IoT will significantly change everyone’s life and Samsung is positioned to become a leader in a more connected era.”Samsung aims to closely collaborate with industries to really make IoT happen. We will continue pursuing a human-centric business philosophy,” he said.
He made the remarks at an event to unveil new home appliances at the company’s Secho Tower in southern Seoul. Yoon said consumes are embracing IoT, which will be relevant across all segments from industry to wearables, smart homes, cars and more, with multiple devices from different parts of people’s lives being connected.
The government will provide loans of 100 trillion won ($92.3 billion) for the development of the Internet of Things (IoT) and other software projects to foster new growth engines. In a joint briefing Wednesday, the Ministry of Science, ICT and Future Planning and four other ministries said the state financing scheme will benefit fifth-generation mobile networks, bio medicine, solar and fuel cells, bio energy and nano semiconductor and sensor technologies.
“We will help finance hydrogen cars, zero-energy towns and the Internet of Things (IoT) in 17 regional Creative Economy Innovation Centers,” said Science, ICT and Future Planning Minister Choi Yang-hee. These centers will also involve Hyundai Motor, Hyundai Heavy Industries, LG, Doosan, Lotte, Hanwha, CJ, GS, Hanjin, KT, Naver and Daum Kakao. The innovation centers are a pet project of President Park Geun-hye — Daegu, Daejeon, Gumi in North Gyeongsang Province and Jeonju in North Jeolla Province are currently home to such centers.