Thursday, November 1, 2018

Bixpo Exhibition: Energy transition and digital transformation

The Korea Joongang Daily carried an interesting article today on the Bitgaram International Expo of Electric Power Technology (Bixpo), a forum organized by Kepco, in Gwangju on Wednesday. “Power companies around the world are facing an enormous historic change called an ‘energy paradigm shift,’” said Kepco CEO Kim Jong-kap during the opening of Bixpo. “The first major paradigm shift is the digital transformation, which will mean that our children will experience a world that is completely different from the one we have been living in.
“Big data, artificial intelligence [AI], the Internet of Things and other core technologies of the fourth industrial revolution are rapidly tearing down industrial boarders,” Kim said.
He said that such changes are forcing the electric power sector to be interconnected and fuse with other industries that it previously hadn’t thought of, such as the automotive, finance, construction and communications industries.
I'm teaching a graduate seminar this semester on "Digital technologies for disaster risk reduction," and we are discussing all of the technologies mentioned in the Joongang Daily article.   Personally I would argue that the industrial convergence noted by CEO Kim is part of the continuing third industrial revolution, driven by digital technologies, rather than a fourth such revolution as promoted by the World Economic Forum.

Friday, October 12, 2018

Seoul has the most economic clout of any capital city

With half of South Korea's population and a high concentration of its top industries, universities and schools at all levels, the following chart from Statista stands to reason.

Wednesday, August 1, 2018

Samsung Electronics growth stalls

As reported by the Korea Joongang Daily, Samsung Electronics growth (operating profit) stalled in the second quarter of 2018.  As noted in the article "The tech giant reported Tuesday that its operating profit for the April-June period was 14.87 trillion won ($13.27 billion), up 5.7 percent from the same period a year ago but down 4.9 percent from the previous quarter. Revenue for the second quarter tallied 58.48 trillion won, down 4.1 percent on year and 3.4 percent on quarter."  As shown in the graphic (click for a full size version), memory chips continued their strong performance while sales of smartphones and displays declined.

Friday, July 6, 2018

Speed matters: July 2018 update

OpenSignal just published an article/post entitled "Explaining the huge gap between fastest and slowest 4G upload speeds in the US."  As readers of this blog will know, I've posted frequently over the years (check these out) on the importance of speed (a.k.a. bandwidth) on the Internet.
The OpenSignal article noted that average 4G upload speed in the U.S. during the period from March 1 to May 29, 2018 ranged from 2.5 Mbps to 7.5 Mbps.  (click on the graphic for a full size version)
This made me curious about the upload and download speeds from my office here in the Incheon Global Campus.  So I did a speed test (click on the graphic for a full size version of the screen capture).
Draw your own conclusions, but I would submit to you once again that "speed matters"!

Thursday, June 28, 2018

Korea's dependence on semiconductor exports

The Korea Joongang Daily has published a timely report on semiconductor exports that warns about the dangers of a nation being overly dependent on one product.  Semiconductor exports are expected to exceed $100 billion this year, while total exports are estimated to reach $605 billion. The newspaper article notes that "In a report released on June 22, the Hyundai Research Institute, a private think tank, said Korean exports, while on the rise, has a number of weaknesses including a heavy dependence on one product.
The report pointed out that the proportion of semiconductors to total exports in Korean has risen from 12.6 percent in 2016 to 17.1 percent in 2017 and over 20 percent this year."