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Sunday, January 21, 2018

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The standard for placing ads on YouTube has become stricter.

Getting Difficult to Make Money

18 January 2018 - 10:30am
Michael Herh

As the standard for placing ads on YouTube, the world's largest video site, has become stricter, ads are likely to vanish from a number of unqualified channels on the website.

"We are committed to protecting our users, advertisers, and creators," Google running YouTube said in a statement on January 16 (local time).

"We took some actions to protect our advertisers from inappropriate contents last year. But we know that we need to make more efforts to make sure that their value ​​and ads match," YouTube said. "YouTube should not be a space for scoundrels.”

The policy...

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Deputy Prime Minister Kim visited Hyundai Motor Group’s Mabuk Environmental Technology on January 17 to meet group officials including vice chairman Chung Eui-sun.

Deputy PM’s First Visit to Conglomerate

18 January 2018 - 10:15am
Jung Min-hee

In a meeting with Deputy Prime Minister and Finance Minister Kim Dong-yeon on January 17, Hyundai Motor Group pleged to invest 23 trillion won (US$21.49 billion) in new businesses and hire 45,000 employees over the next five years.

Deputy Prime Minister Kim visited Hyundai Motor Group’s Mabuk Environmental Technology Center in Yongin, Gyeonggi Province, on the same day to meet group officials, including vice chairman Chung Eui-sun. After that, he told reporters, “Hyundai Motor said it is planning to make a 23 trillion won (US$21.49 billion) investment and hire 45,000...

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As digital currencies fluctuate in price, hackers seem to take turns to malicious mining codes.

Hackers Targeting S. Korea

18 January 2018 - 10:00am
Yoon Yung Sil

The number of malicious codes targeting South Korean cryptocurrency miners is on the increase. As digital currencies fluctuate in price, hackers, which spread ransomware, seem to take turns to malicious mining codes.

South Korean cybersecurity firm ESTsecurity said that hackers, who had attacked South Korea with “Venus Locker” ransomware from 2016, have continuously spread a malicious code that mines the cryptocurrency monero from the end of November last year. Hauri and Bitscan have warned over digital currency mining malware from the end of last year.

Hackers targeting...

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Banks will be required to go through an enhanced due diligence (EDD) process when cryptocurrency transactions are made by high risk customers who can run the risk of illegal transactions including money laundering.

Stricter Regulation

18 January 2018 - 9:45am
Yoon Yung Sil

Banks are required to check the purpose of trading and the source of funds of cryptocurrency trading account holders in the future. They also need to share account information one another when cryptocurrency trading sites receive investors’ funds through corporate accounts. With the government deciding to require real-name cryptocurrency transactions by the end of this month, NH Nonghyup Bank will begin the issuance of new virtual accounts for cryptocurrency transactions on January 30.

An official from financial authorities said on January 17, “Some cryptocurrency trading sites...

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As Google is going to halve its fee to 15%, smaller app platforms are likely to lose their competitiveness.

Fatal Blow to Small App Platforms

18 January 2018 - 9:45am
Cho Jin-young

Google changed its application fee policy and is going to halve its fee to 15% when it comes to apps with subscription content. Google’s dominance in the app market is likely to further increase and smaller app platforms are likely to lose their competitiveness under the circumstances.

According to industry sources, the global sales of Apple App Store and Google Play totaled US$40 billion and US$21 billion last year, respectively. In 2016, their sales in South Korea amounted to 2.02 trillion won (US$1.81 billion) and 4.46 trillion won (US$4.01 billion), respectively. Google took no...

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Doosan Heavy Industries & Construction suffers deteriorating profitability due to the factors including the South Korean government’s nuclear phase-out policy.

Groundless Rumors?

18 January 2018 - 9:15am
Jung Min-hee

On January 17, a local news outlet reported that Doosan Group is discussing the sale of Doosan Heavy Industries & Construction to focus more on Doosan Robotics and Doosan Bobcat after adjusting its business portfolio with the profitability of Doosan Heavy Industries & Construction deteriorating due to the factors including the South Korean government’s nuclear phase-out policy.

“The report is not true at all,” Doosan Group said, adding, “Doosan Heavy Industries & Construction is one of our key subsidiaries and we have never discussed the sale of the company.”

The...

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The Hyundai Motor union members’ achievements in the wage negotiation are smaller than in the previous years as the company faces now a crisis and the union’s tactics are no longer effective.  Hyundai Motor Company announced on January 16 that its employe

No Longer Effective Tactics

17 January 2018 - 12:00pm
Jung Min-hee

The Hyundai Motor union members’ achievements in the wage negotiation are smaller than in the previous years as the company faces now a crisis and the union’s tactics are no longer effective.

Hyundai Motor Company announced on January 16 that its employers and employees finished their wage negotiation for 2017 in nine months. At the meeting of the trade union on January 15, 61% of the union members voted for a tentative agreement.

According to the agreement, the employees’ base pay will be raised by 58,000 won, their merit pay will be calculated to be 300% plus 2.8 million...

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Alibaba chairman Jack Ma will take part in the opening ceremony of the Pyeongchang Winter Olympics next month as Alibaba sponsors the Olympics to promote its cloud service at the global event

Jack Ma’s Dream

17 January 2018 - 11:45am
Cho Jin-young

Alibaba’s UC browser is currently the most popular mobile Web browser in India and Indonesia, according to industry sources. In addition, Alibaba recently opened a new office in Melbourne, Australia and established an e-commerce and logistics hub in Malaysia for further market expansion. The company has conducted R&D in the Silicon Valley for long, too.

Alibaba has made investments in various companies. The examples include WayRay headquartered in Switzerland and developing augmented reality (AR), Magic Leap headquartered in the U.S. and developing the same technology, Thai and...

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16 of the China’s top 20 export items were IT-related products or parts while only 10 of the top 20 items exported by Korea cut across the IT sector.

China’s Tech Competitiveness

17 January 2018 - 11:30am
Michael Herh

China is cementing its position as an information technology (IT) powerhouse. Experts point out that China is close to overtaking Korea by showing high competitiveness not only in products such as smartphones and home appliances but also in new IT sectors such as drones and electric cars.

The Korea International Trade Association (KITA) announced on January 16 that it found out, in its analysis of China’s major export items, that 16 of the China’s top 20 export items were IT-related products or parts. By contrast, only 10 of the top 20 items exported by Korea cut across the IT...

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Samsung Electronics displayed its latest QLED TVs in the invitation-only booth dubbed Q Lounge in order to reportedly to prevent Chinese companies from copying its products.

Facing Challenges

17 January 2018 - 11:15am
Cho Jin-young

At this year’s CES, Samsung Electronics ran a booth not open to the public. Samsung Electronics displayed its latest QLED TVs in the invitation-only booth dubbed Q Lounge.

The purpose of the invitation-only was reportedly to prevent Chinese companies from copying its products. In fact, TCL exhibited its FRAME TV at CES 2018 and the TV, which was released in the Chinese market in July last year, was very similar to Samsung Electronics’ The Frame TV.

These days, Samsung Electronics is concerned about its robot business as well. At CES 2018, a large number of electronics...

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