[WEEKEND WRAP] JUNE 15-18

June 15

[Yonhap] South Korea’s top portal operator, Naver Corp., said Friday that it has adopted an artificial intelligence (AI) supported function that automatically edits bloggers’ content. The service, called “auto transformation,” edits images and videos automatically in context with the posts written by bloggers.

Naver said it has also added AI-supported technology in advertisements, such as analyzing each user’s preferences and feelings. It plans to further adopt functions, such as linking Instagram and Facebook content directly with other content, as well as add special effects in its video editing.

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June 17

[Yonhap] South Korean government on Sunday held a test-drive event to allow the general public firsthand experience of autonomous vehicles and to see their technology at work.

The event was held in southern Seoul as part of Seoul’s efforts to promote the autonomous vehicle as it seeks to commercialize the cars with Level 3 autonomous technology by 2020, the Ministry of Land, Infrastructure and Transport said in a statement. Currently there are 46 autonomous vehicles in the country that have received a temporary certificate for driving on the roads for the purpose of corporate research and development activities.

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June 17

[Yonhap] South Korea has succeeded in a two-way undersea communication test between the modem on a floating buoy and a mobile base station placed in the water, the Ministry of Oceans and Fisheries said Sunday.

The government has worked with 11 companies and organizations, including top South Korean mobile carrier SK Telecom Co. and the Korea Atomic Energy Research Institute, since 2015 to develop the technology for real-time undersea communication, the ministry said in a statement. The government aims to establish a test bed for undersea communication networks in the west sea by 2021.

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June 18

[Yonhap] LG Electronics Inc. said Monday it will release the LG Micro Inverter specially designed for solar panels at home, a move aimed at penetrating deeper into the solar power industry. Inverters are used to convert the direct current (DC) output of solar modules into the alternating current that can be used at home.

The new product boasts an efficiency of around 95.2 percent, an improvement from the 94.3 percent of existing products. The new inverter also supports the Bluetooth technology, allowing users to check its performance through their smartphones.

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June 18

[Yonhap] Shares for some 15 percent of listed companies hit all-time highs this year, boosted by healthy earnings and renewed foreign interest in South Korean assets. Of 2,098 companies listed on the benchmark KOSPI and the secondary KOSDAQ markets, 313 firms, or 14.92 percent, saw their stocks soar to new highs as of last Thursday.

In the main bourse, which had fallen 2.27 percent during the cited period, 11.33 percent out of 882 companies reported setting record prices. The shares of the best performers spiked an average of 48.89 percent.

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