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Thursday, January 18, 2018

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Asiana Airlines has been operating four A350 airplanes which provide in-flight Wi-Fi and mobile phone roaming services since May of last year. (photo courtesy: Asiana Airlines)

Wi-Fi Services in Flight

12 January 2018 - 10:30am
Choi Mun-hee

An improvement was made to the quality of an in-flight Wi-Fi service that only Asiana Airlines is offering among Korean airliners to such an extent that a video call can be made. However, it is said that the in-flight Wi-Fi service is in the toddler stage, compared to ground Wi-Fi services.

According to Asiana Airlines on January 11, the company has been operating four A350 airplanes which provide in-flight Wi-Fi and mobile phone roaming services since May of last year.

The paid Wi-Fi service is available for a fee of US$11.95 for an hour, US$16.95 for three...

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The Korean government has lowered the requirements for initial public offering (IPO) in order to revitalize the nation’s second-tier KOSDAQ market.

Promoting KOSDAQ Market

12 January 2018 - 10:15am
Yoon Yung Sil

As the government has lowered the requirements for initial public offering (IPO) in order to revitalize the nation’s second-tier KOSDAQ market, nearly 2,800 unlisted companies will be able to raise funds from the capital market. This is highly likely to have a positive effect on the KOSDAQ IPO market, which is expected to exceed 10 trillion won (US$9.33 billion) through it is the figure considering all the latent factors from deregulation, this year.

The Financial Services Commission (FSC), Ministry of Strategy and Finance (MOSF), Ministry of Health and Welfare (MOHFW) and Fair...

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Korea Hydro & Nuclear Power (KHNP) developed the world’s first big data-based system for the purpose of predictive nuclear power plant diagnosis.

Big Data-based Nuclear Safety

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

Korea Hydro & Nuclear Power (KHNP) announced on January 11 that it developed the world’s first big data-based system for the purpose of predictive nuclear power plant diagnosis, that is, predictive and pre-malfunctioning monitoring, analysis and assessment of nuclear power generation facilities.

The system is characterized by connecting the monitoring systems of the 24 atomic power stations across the country to each other online and comprehensively controlling equipment like turbines and stator coolant pumps by using the IoT and real-time data transmission and reception. The...

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Huawei is trying to take advantage of this legal victory over Samsung Electronics as an opportunity to publicize its technological prowess.

For Demo of Tech Prowess

12 January 2018 - 10:00am
Michael Herh

Chinese smartphone manufacturer Huawei won the first trial of a lawsuit against Samsung Electronics in China over a telecommunication standard patent. Although the ruling will not immediately affect the sales volume of Samsung Electronics products, Huawei will take advantage of this legal victory as an opportunity to publicize its technological prowess.

According to China’s local media such as China Central Television (CC TV) on January 11, the People's Middle Court in Shenzhen ruled in favor of Huawei in the first trial of the lawsuit brought by Huawei against Samsung. The court...

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South Korea tries to get an associate membership in the Pacific Alliance, which is similar in effect to a free trade agreement (FTA) with Mexico.

To Be Pacific Alliance Member

12 January 2018 - 10:00am
Jung Suk-yee

The Ministry of Trade, Industry & Energy of Korea announced on January 11 that it would hold a public hearing at the COEX Convention Center in Seoul at 10:00 a.m., January 12 with regard to South Korea’s accession to the Pacific Alliance as an associate member.

The Pacific Alliance, consisting of Mexico, Chile, Peru and Colombia, is currently having talks with Australia, Singapore, Canada and New Zealand concerning their associate memberships. The talks started in June last year and are expected to be completed in July this year. Similar talks with other countries are likely to...

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The more the government announced its regulations, the more investors have considered them favorable factors and expanded their investments in digital currencies.

Trials and Errors Continued

12 January 2018 - 9:45am
Yoon Yung Sil

As the Ministry of Justice (MOJ) decided to make a special law to shut down cryptocurrency exchanges on January 11, there has also been criticism inside and outside of exchanges that its move is like cutting off your nose to spite your face, stirring up a controversy. 

The government initially planned to close accounts in cryptocurrency exchanges after checking them. Instead, it has come up with the special law to close down cryptocurrency exchanges, which was prepared by the MOJ, as the final measure even after speculation in cryptocurrency trading within the country didn’t quiet...

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Customers of Cosmetics will be able to instantly create their own cosmetic products as they please at stores.

Customized Cosmetics Era to Come

11 January 2018 - 12:15pm
Choi Mun-hee

“Customized cosmetics” are only available in some cosmetics stores at the moment. However, they are expected to be more diverse and more accessible in the future. The Korean government has joined hands with cosmetics manufacturers, such as AmorePacific and LG Household & Health Care, to carry out a “customized cosmetics pilot project” from March 2016.

At the “Cosmetic Business CEO Conference” held at Conrad Seoul in Yeouido on January 10, Food and Drug Safety Minister Ryu Young-jin said, “In time for the Fourth Industrial Revolution, we will introduce “tailored cosmetics retail...

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The Korean government is going to sign agreements with Asian countries for compatible Good Manufacturing Practice (GMP) standards, compatible customs clearance procedure, regulatory unification, etc.

Unified Asian Regulation on Cosmetics

11 January 2018 - 12:15pm
Choi Mun-hee

The Ministry of Food and Drug Safety of South Korea announced on January 10 that it would form a new council with ASEAN member countries by 2019 so that regulations in the cosmetics industry can be made uniform in the region and South Korean cosmetics companies can better penetrate the ASEAN market.

To this end, the ministry is going to sign agreements with the countries for compatible Good Manufacturing Practice (GMP) standards, compatible customs clearance procedure, regulatory unification, etc. The ministry is also planning to enhance the role of the One Asia Cosmetics and Beauty...

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Hyundai Motor Group unveiled in-vehicle networking technology at CES 2018, which has been developed with Cisco.

Key Technologies Unveiled

11 January 2018 - 12:15pm
Jung Min-hee

At CES 2018, the Hyundai Motor Group unveiled in-vehicle networking technology it is working on with Cisco. The two companies began to cooperate with each other for connected car development in April 2016. At the show in Las Vegas, Hyundai announced that its cars released in 2019 and later will come with Cisco’s high-speed networking technology with a data processing speed of 1 Gbps per second.

According to market research firm IHS Markit, the global connected car sales are estimated to increase from 24 million units to 72.50 million units between 2015 and 2023. The...

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Korea Communications Commission (KCC) Chairman Lee Hyo-sung and Facebook Vice President Kevin discussed reverse discrimination in the local communications market

Respect to Local Rules

11 January 2018 - 12:00pm
Cho Jin-young

Facebook Vice President Kevin Martin had a meeting with Korea Communications Commission (KCC) Chairman Lee Hyo-sung in Gwacheon, South Korea on January 10.  

They discussed reverse discrimination in the local communications market, user protection, the direction of growth of the local Internet ecosystem, etc. The vice president said that Facebook will pay taxes in South Korea from 2019 onwards with regard to ad sales generated in the country, pay local Internet service providers at least some network fees, and open an innovation lab in Pangyo in the first quarter of this year to...

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