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Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

☆ The Olympics will challenge mobile-network providers to satiate 15 million attendees' hunger for internet connectivity
▼ + stars: | 2024-07-25 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +7 min

The Olympics will challenge wireless providers as 15 million people seek internet access at once. To meet that expectation, telecommunications companies must bolster Paris' 5G network, the technology system that powers users' mobile-internet access. Harnessing private 5G infrastructureOrange is installing cellphone antennas on boats and extension units in sporting venues to bolster its 5G network. It uses 5G's network-splicing capabilities to reserve a part of the public 5G network for private use. To support the 2024 Olympics' connectivity needs, network providers must prepare to rely on 5G's strength.

Persons: —, they'll, Bertrand Rojat, Rojat, wouldn't, Stephen Giles, Giles, Katherine Ainley, Leila Jordan Organizations: Service, Olympic Games, KT Corp, Olympic, Broadcasters, Prix, UEFA European Football, Stade de France, Rugby, Cisco, NTT Data, International Olympic Committee, Ericsson Locations: Paris, South Korea, Tokyo, France, Orange, French, Ireland

☆ KT's AI model will focus on providing services that customers 'feel good about', says CEO
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKT's AI model will focus on providing services that customers 'feel good about', says CEOKim Young Shub, CEO of the South Korean telecommunications company KT Corp, discusses the company's business plan ahead of the release of its own AI model.

Persons: Kim Young Shub Organizations: South, KT Corp Locations: South Korean

☆ South Korean tech bosses fret about a flood of cheap Chinese robot waiters
▼ + stars: | 2023-08-27 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

South Korean restaurants are using AI robots to cope with labor shortages. Data from the Korean Association of Robot Industry shared with the Financial Times showed there were 5,000 server robots in Korean restaurants. AdvertisementAdvertisementDuring the pandemic, Reuters reported that South Korean tech company KT Corp started selling "Aglio Kim" – a trolley-like AI robot to restaurants. However, tech executives in South Korea told the FT they're now concerned the market is being flooded by cheap Chinese robots, stymying the country's own robotics makers. Aju Korea Daily reported in May that South Korean startups were offering restaurants robots to rent for 300,000 won a month.

Persons: Kim, Lee Young, KT Organizations: Service, Korean Association of Robot Industry, Financial, Korea Times, Reuters, Korean, KT Corp Locations: China, South Korea, Wall, Silicon, Korea

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

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