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11/27/2019 - November Exhibit at the Geary Gallery in Darien, CT    

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This November, the Geary Gallery of Darien is proud to present, “Visual Poetry,” featuring the bold, impressionistic New York-inspired paintings of South Korean native, Chin H. Shin....

          

HDC, Hanwha join forces on Tongyeong LNG-fueled power plant project   

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HDC Hyundai Development Company and its South Korean compatriot Hanwha Energy Corp. have joined forces for the development of the Tongyeong natural gas power plant.

          

EPIK tags ANZ as financial adviser for Newcastle GasDock LNG terminal   

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EPIK, a South Korea-based LNG project development company, has appointed Australia and New Zealand Banking Group Limited (ANZ) to serve as a financial adviser for its Newcastle GasDock LNG import terminal.

          

Industry Report   

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Request concerning Sample Report report offers detailed analysis of this South Korean defense markets with promote sized forecasts since the after that 5 years. Your report also examine factors which impact interest in the, key market styles, furthermore challenges encountered by field participants.Moreover, rise as part of consumption of abrasives at cleansing applications then area treatment, such as for instance grinding, dimensioning, mixing, finishing, sharping, to polishing, are some some other key aspects which push ones growth of the worldwide abrasives markets. But strict federal government rules in the extraction out of organic abrasives and/or changes inside raw material pricing hinder the marketplace development.

          

Nedaa signs MoU with Safe-Net Forum to promote Public Safety Networks   

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DUBAI: Professional Communication Corporation – Nedaa, Dubai Government secure networks provider, and Safe-Net Forum, a south Korean based non-profit organization maintaining the fairness and transparency of the government’s policies related to the nationwide construction of Public Safety networks; recently signed a MoU in the presence of H.E. Mansoor BuOsaiba, Nedaa’s Chief Executive Officer and Daehyoung HONG, …

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Seoul deports North Koreans accused of killing 16 people   

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Authorities say the two men had killed 16 fellow fishermen on their boat and then fled to South Korea.

          

Comment on BREAKING: North & South Korea Fire Artillery For 1st Time In 5 Years by Gangus Khan    

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Yahoo.... it's FAMILY FEUD Time kiddies! ....meanwhile families in America swear and cuss at each other throwing forks and knives in FOOD FIGHTS! ....they'll get over it one day!

          

EXO - Electric Kiss: Song Of The Week   

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The chosen song for this week is “Electric Kiss” by EXO.EXO is a South Korean boy band s

          

Apple iPhone 7 Price in South Korea – Apple iPhone 7 Price ...   

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Apple to Release iPhone 7 & iPhone 7 Plus on October 21st 2016 in South Korea. The Price of iPhone 7 in South Korea ranges from 980935WON to 981135WON for all storage models.

          

Rescuers Retrieve Two Dead Bodies From South Korea Chopper Crash   

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Two bodies were retrieved from among  the seven that went missing after their chopper crashed into the sea shortly after taking off from islets disputed with Japan, officials said Sunday. The helicopter had just picked up an injured fisherman from Dokdo, which is known as Takeshima in Japan, when it went down on Thursday night. …

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STUDY IN USA : Bachelor’s and Master’s Scholarships from Hult International Business School for international students, Deadline : 15th February 2020.   

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STUDY IN USA : Bachelor’s and Master’s Scholarships from Hult International Business School for international students, Deadline : 15th February 2020.

The Undergraduate Business Degree Program

With business at its core, our undergraduate degree program is designed to take you beyond business. You’ll learn about the world, the future, and yourself to graduate with so much more than a degree.

Bachelor of Business Administration at Hult

At Hult, you will be immersed in a global environment without even leaving campus, and every topic you study will be approached from a global point of view, from marketing to law to career planning. Throughout your undergraduate experience, you will be challenged to think creatively, be resourceful, and work together with your fellow students in our international and collaborative learning environment.

Put theory into practice as part of your everyday classroom experience. Gain real insight into your individual strengths and weaknesses, as well as improving your team and leadership skills as you take part in:

  • Live client consulting
  • Business challenges
  • Team projects
  • Internships

Methodology

Learn by doing
Put theory into practice and gain firsthand experience throughout your degree by working in diverse teams to solve real-world problems.
Learn more

Lead with confidence
Develop deep self-awareness through self-assessments and skills diagnostics, and continually improve through practice, coaching, and peer feedback.
Learn more

Shape the future

Learn to thrive in a time of constant change, understand the technologies driving change and how you can harness their power to shape the future.
Learn more

Courses and electives

No matter where in the world you’ve attended high school, or how intensely you want to study while you’re at Hult, our flexible curriculum is built to adapt to your needs and goals. So you can study the topics you choose, at the speed that suits you.

Global Standard Track: Three years

In some parts of the world, you will spend five years in high school. This means you can qualify to bring up to 30 “Advanced Placement” (AP) credits with you, effectively skipping your first year and graduating in as little as three years. The table below shows the four-year U.S. format, use it to explore a sample of mandatory courses and challenges. The electives you choose will be based on your goals and interests.

U.S. Standard Track: Four years

If you come from any four-year high school, you will be on this track and will typically take four years to complete your degree. This is the standard length of an undergraduate program at most U.S. colleges and universities. Below you can explore a sample of mandatory courses and challenges. The electives you choose will be based on your goals and interests.

Locations

Global campus locations

Each academic year you will have the choice of studying at any of our undergraduate campuses in London, Boston, and San Francisco. Accelerate your studies as you explore the world through Summer Programs abroad at any of Hult’s global campuses except New York and Ashridge.

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The Global Undergraduate Exchange Program (Global UGRAD) to the U.S. Educational system, culture and values. Deadline : 31 December 2019   

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The Global Undergraduate Exchange Program (Global UGRAD) to the U.S. Educational system, culture and values. Deadline : 31 December 2019

The Global Undergraduate Exchange Program (Global UGRAD) brings future leaders to the U.S. to experience the U.S. educational system, share their culture, and explore U.S. culture and values.

Application is open November 4th, 2019 through December 31st, 2019.

Global UGRAD is administered by World Learning on behalf of the U.S. Department of State’s Bureau of Educational and Cultural Affairs.

The Global Undergraduate Exchange Program is sponsored by the U.S. Department of State with funding provided by the U.S. Government and administered by World Learning.

Since 2008, World Learning has provided this opportunity to over 2,200 Global UGRAD students.  Participants leave the U.S. with the tools to become leaders in their professions and communities. Global UGRAD alumni go on to receive Fulbright grants, obtain prestigious international internships, and work in business and government in their home countries and regions.

Countries: Albania, Algeria, Armenia, Azerbaijan, Bahrain, Bangladesh, Belarus, Bosnia-Herzegovina, Cambodia, China, Costa Rica, Dominican Republic, Egypt, El Salvador, Ethiopia, Georgia, Guatemala, Haiti, Honduras, India, Indonesia, Israel, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Macedonia, Malaysia, Mauritania, Mauritius, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Nepal, Nicaragua, Niger, Oman, Panama, Paraguay, Philippines, Qatar, Russia, Saudi Arabia, Serbia, South Korea, Sri Lanka, Tajikistan, Thailand, Tunisia, Turkmenistan, Ukraine, United Arab Emirates, Uzbekistan, Venezuela, Vietnam, West Bank and Gaza, Zimbabwe

 

 

Program Goals

To promote mutual understanding between people of the United States and other countries.

  • Provide a fulfilling exchange experience to drive academic, cross-cultural, and leadership competencies for students from Global UGRAD countries.
  • Enhance students’ academic knowledge and professional skills needed to pursue long-term academic and career goals.
  • Cultivate students’ comprehensive and nuanced understanding of the U.S.
  • Facilitate opportunities for students to establish social networks with U.S. host institutions and local communities.
  • Empower students to engage constructively in the civic life of their local and global communities.               CLICK HERE TO APPLY

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Thomson Foundation Journalism Scholarships competition (win all expenses paid trip to the 2020 Thomson Foundation summer course in London). Deadline :13th December, 2019   

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Thomson Foundation Journalism Scholarships competition (win all expenses paid trip to the 2020 Thomson Foundation summer course in London). Deadline :13th December, 2019

Journalism Now Scholar programme

Our Journalism Now Scholar programme is back! Hone your newsgathering, storytelling and multimedia journalism skills in our five-week programme with the help of internationally renowned journalist, Ewen MacAskill.

You will take seven of our CPD-accredited online courses including Mobile Journalism, Social Media Newsgathering, Journalism Across Multiple Platforms, and Data Journalism, and will work on one or more stories that you will publish.

The highest performer will be invited on an all-expenses-paid trip to London to attend the 2020 Thomson Foundation five-week summer course, which includes a mixture of masterclasses, workshops and practical training and a week’s placement at a leading UK media organisation. A small number of top performers will also be acknowledged on our website and social media.

Deadline to complete the Scholar programme:

Friday 13th December, 2019

Starting 1st November until 13th December, 2019, you will:

  • Know what good journalism looks like and why.
  • Improve your newsgathering skills, including social media verification and the use of data journalism techniques.
  • Use smartphones to produce multimedia storytelling.
  • Engage your audience by making your content engaging and relevant.
  • Understand how to optimise your content for your chosen platforms.

Ewen MacAskill will guide you through the programme with interactive live sessions and ongoing feedback.

Sign up here.

Next, start taking the courses listed below. You can follow the link to a course and enrol. We recommend taking the courses in the order listed as their topics will be covered in sequence during the Scholar programme.

You will then be invited to join the platform and Ewen’s first webinar on Friday 8th November.

 

 

How to enter: Journalism Now Scholar

What you will need to do, in three steps:

1.

Complete seven Thomson Foundation online courses (you don’t need to re-take a course if you have previously completed it).

2.

Attend or watch the replay of up to four webinars with Ewen MacAskill.

3.

Work on and publish a multimedia story.

 

About Journalism Now

Journalism Now is a series of online interactive courses designed and led by industry experts providing the latest in digital and multimedia skills. The global learning environment gives exclusive access to live training and mentoring sessions, run by leading journalists, and a unique knowledge-sharing platform.

Terms, help and questions

For any queries relating to your application for the Journalism Now Scholar programme, please email: enquiries@thomsonfoundation.org

The small print:

  • The competition is open to entrants aged 18 or over.
  • The winner is responsible for ensuring they are able to accept the prize as set out and in accordance with these terms and conditions. In the event they are unable to do so, then Thomson Foundation reserves the right to select another winner.
  • Only one entry per person. Entries on behalf of another person will not be accepted and joint submissions are not allowed.
  • Thomson Foundation accepts no responsibility for entries that are delayed or incomplete or cannot be delivered or entered for any technical or other reason.
  • The prize is subject to a successful visa application, is non-exchangeable, non-transferable and not redeemable for cash or other prizes.
  • Participants may be required to take part in promotional activity related to the competition and shall participate in such activity on Thomson Foundation’s reasonable request. The winner will consent to the use by Thomson Foundation of the participants images, names and voices for publicity purposes (in any medium, including still photographs and videos, online, including the websites hosted by Thomson Foundation), and in marketing and promotional material.
  • Thomson Foundation will take care of any personal information supplied to it as described in its privacy policy, and in accordance with data protection legislation. By entering the competition, you agree to the collection, retention, usage and distribution of your personal information in order to process and contact you about your competition entry, and for the purposes outlined in the above bullet point.
  • Entrants into the competitions shall be deemed to have accepted these terms and conditions.

CLICK HERE TO APPLY

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STUDY IN BONN (GERMAN): UNU-EHS /University of Bonn for International joint MSc programme: Geography of Environmental Risks and Human Security, Deadline : 15 December 2019   

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STUDY IN BONN (GERMAN): UNU-EHS /University of Bonn for International joint MSc programme: Geography of Environmental Risks and Human Security, Deadline : 15 December 2019

UNU-EHS and the Geography Department of the University of Bonn welcome applicants who possess a first degree (Bachelor’s) in a higher education programme in Geography or a related discipline. The ideal candidate has a strong interest or experience in working in the field of human-nature relations and risk governance in the Global South. Applicants from developing countries are strongly encouraged to apply.

The Joint Master’s Programme has an annual intake. The next programme will start in October 2020. Applications are accepted during the application period from 15 September 2019 to 15 December 2019.

In order to apply for our programme, please fill in the following online application, and send us your documents via e-mail to master-georisk@ehs.unu.edu.

Please make sure that the information provided in the online form is accurate! The provided data will be directly entered in our Application Database and will be used for your assessment during the Selection Process.
You can submit the online application form only once! Please make sure that your application packet/s is/are complete and correspond/s to our requirements (see FAQs for applications 2019/2020 – “How to apply to this Master’s Programme & Epos scholarship?”).

After filling in the online form, you must send us your application packet/s via e-mail in (if applying for Epos, in 3) PDF files – including the required (merged) documents – accordingly:

  1. Master’s Programme application packet
  2. Academic writing sample
  3. Epos scholarship application packet (if applying).

 

 

 

Each file should not exceed 8 Megabytes (MB). Send your application packet/s online to: master-georisk@ehs.unu.edu.

A complete application packet consists of the following documents:

  1. Completed, signed and dated Joint MSc GEO RISK Application Form 2020
  2. A signed resume/CV
    • An up to date Résumé or CV including a chronological listing of employment and other significant activities must be submitted with your application. Make sure your CV information corresponds precisely to the certificates and letters of recommendation attached to your application!
  3. Letter of motivation
    • A written statement, one to two pages in length, describing motivation, area of proposed research, background, past work in the intended field of study, plans for further postgraduate study and any other information that is relevant. Applicants who are currently registered in a postgraduate programme at another university should explain why they wish to change programmes.
  4. Official transcripts reflecting the courses and grades achieved per each year and semester
    • Applicants must submit an official transcript from each college or university in which they were enrolled for any period of time, showing all courses, grades and degrees received;
    • Only transcripts that have been certified by the university where the degree was awarded will be accepted;
    • Additional Certified Transcripts in cases where additional academic credits were earned outside of Degrees awarded, or in case of courses attended within exchange programmes (i.e. Erasmus, student exchange etc.);
    • In cases where the transcript is written in any other language than English, a certified translation of the transcript into English is also required. Translated versions can be certified either by the originating university or an official national or international institution.
  5. Bachelor’s and, if applicable, Master’s Degree Certificate in English
  6. Certificate of English language proficiency; please check the language requirements
  7. A sample of academic writing written as part of the fulfillment of the first degree (preferably in English)
    • any academic writings (Essay, Research paper, published academic article etc.) written as part of the fulfillment of your university studies;
    • an Essay related to GeoRisk topic;
    • Bachelor’s Thesis or its extract
  8. Recommendation letters from your current and/or previous lecturers (these must be signed, dated, stamped, and on a letterhead); any other relevant documents – optional
  9. If the candidate wishes to be considered for the EPOS funding by the DAAD the candidate should submit in a separate PDF file the following documents (all REQUIRED):
  • DAAD application form
  • CV / Résumé signed and dated
  • Motivation statement
  • Bachelor’s and, if applicable, Master’s Transcript of Academic Records reflecting the courses and grades achieved per each year and semester
  • Bachelor’s and, if applicable, Master’s Degree Certificate in English
  • Certificate of English language proficiency (check the language requirements)
  • Academic Recommendation Letter/s from your current and/or previous lecturers; these must be signed, recently dated, stamped, and on a letterhead
  • Professional Recommendation Letter/s from your current and/or previous employers; these must be signed, recently dated, stamped, and on a letterhead
  • Work certificate/s from your current and/or previous employers
    • Must reflect the period of the mandatory min. 2 years professional experience after Bachelor’s studies;
    • These must mention the period of employment, must be signed, dated, stamped, and on a letterhead;
    • The certificates must correspond chronologically to the info reflected in your CV/ Résumé.

All application documents for the Master’s Programme must be sent in one PDF (merged), and Epos scholarship application documents in another PDF file (merged). If the academic work is exceeding the accepted size, the applicant may submit it in a separate PDF file as well. Each file should not exceed 8 Megabytes (MB). Send completed application packet/s exclusively online to: master-georisk@ehs.unu.edu

Only digital versions sent via email will be accepted. We do not accept applications sent via post.

Completed application packets must be received before the application deadline = December 15th, at 23:59 CET (Central European Time) for Bonn, Germany.

All candidates get a notification on their application status by mid May 2020.

For additional questions that are not covered by the FAQ, please contact: master-georisk@ehs.unu.edu.

CLICK HERE TO APPLY

 

 

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Thursday poker quiz: November 7, 2019   

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Welcome to the weekly poker quiz on PokerStars Blog. Test your knowledge on the latest news, as well as some poker history and strategy.

NEWS: Which former Team PokerStars Pro won the 2019 World Series Player of the Year?
NEWS: The UK has hosted three "Road To PSPC 2020" tournaments recently, each offering a Platinum Pass to their winners. What was the buy-in for all of them?
NEWS: Knitting and poker star Jennifer Carter booked a return trip to the PSPC after winning a second Platinum Pass in the Mega Path. But what was the nationality of the first player to win two Platinum Passes?
HISTORY: Who has never won World Series Player of the Year?
HISTORY: Who won the first ever EPT Main Event?
HISTORY: What is the correct nickname of a former WSOP Main Event winner?
GEOGRAPHY: The latest Red Dragon festival starts this weekend in Jeju, an island off the southern coast of which country?
GEOGRAPHY: Which country has never been visited by the European Poker Tour (EPT)?
GEOGRAPHY: The Road to PSPC venues of Aix-en-Provence and Divonne are in which European country?
STRATEGY: We're playing 6+ hold'em (otherwise known as short deck) and four players are still involved at the river. Here's the board: 6c-Kd-9d-8c-Ah
Who wins at showdown?


          

Samsung's quest to reinvent the TV in the age of convergence   

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Samsung

2.jpgSamsung's Park with the latest QLED TV model. The company believes rivals in the so-called OLED camp will eventually follow their technology.

Eleven years ago, a year before Steve Jobs introduced the first iPhone, Samsung Electronics swept past then arch-rival Sony to become number one in liquid crystal display (LCD) TVs. At the time, the company was known more in the business world as an enterprise memory chip supplier, an underappreciated commodity both then and now. In the mass market, it was making its name known to consumers with its slider feature phones, challenging the hegemonies of Nokia and Motorola.
It was a symbolic and energizing moment for the South Korean tech giant. It spurred its growth and gave the company the confidence that is now integral to its DNA. Today, Samsung is the only rival to Apple in smartphones and its memory chip unit has grown to a massive cash generator.
In TVs it still holds the world's top position. Samsung LCD TVs, according to Statista, had a market share of 21.6 percent in 2016, near double that of LG Electronics' 11.9 percent. Samsung is also the largest vendor of smart TVs. Samsung's Visual Display (VD) business, the company's own TV unit, is proud of that achievement even today, despite being overshadowed by the higher margins of Samsung phones and semiconductors. But in contrast to Sony's 35-year reign in CRT TVs, arguably a lot more has happened in the past decade in technology and society.
Of course, there is the smartphone, which changed the way content is consumed content and shifted consumer expectations; the continuing evolution of flat-panel displays, with Samsung's move to QLED and the formation of the B2B Display unit; artificial intelligence (AI); big data and the cloud; and new services emerging from the "abundance of data" that are changing what devices can do when grouped together. For Samsung, global leadership brought with it new objectives and new anxieties.
Today, Samsung believes that with changing consumer expectations, crisper image-rendering displays, and new data-intensive services, we are at the dawn of a paradigm shift in the definition of a TV. The company's VD executives shared with ZDNet the challenges they face as the world's largest innovation vendor.

'OLED is a dead-end; QLED is the future'

Like the insatiable desire for faster connectivity and more storage, the desire for life-like TV images will never change. Samsung's introduction of quantum-dot (QD) LCD TVs in 2015 -- branded SUHD then but now QLED -- was a statement of where the future lay, said Changbae Park, senior manager at product strategy team of the VD business.
Just a few years ago, the South Korean tech giant was heavily promoting OLED (organic light-emitting diode), butting heads with compatriot LG Electronics. It seemed OLED would be the next fight between the Koreans in their half-century-long rivalry in TVs.

Until Samsung introduced QD LCD TVs, that is. Put simply, a QD film is layered on the LCD that enhances the colour accuracy and range. Samsung began researching the core technology of QD materials 10 years ago with display applications in mind. But while Sony gave up on QD LCD in 2013 due to the need to use cadmium, which is harmful to humans, Samsung managed to overcome this. (Sony also gave up on OLED in 2010 after being the first to introduce an OLED TV in 2007.)
"We concluded that OLED was a dead-end," said Park. "There were a lot of fundamental problems with OLED, such as the burn-in, especially for over 65-inch large size TVs, which is difficult to overcome, and a limited brightness that's inadequate for HDR (high dynamic range).
"The choice was neither easy nor difficult. It was just an inevitable, logical choice on our part, if you consider what the consumers would want," the senior manager said. "I can categorically say that we do not plan to shift back to OLED. As a leader, it is not a responsible choice. Not now or in the future."
OLED uses organic materials that fundamentally limit the display's lifespan and causes burn-in, Park said. "Ask any retailers about burn-ins, and they will know."
Conversely, QLED uses inorganic materials that are more stable, meaning it doesn't have this problem. "We believe, ultimately, that the so-called OLED camp will, in the end, move towards QLED, and follow our lead," Park added.

qe65q8c006dynamic1silver.jpgThe latest curved QLED TV. Flat-panel display technology has done wonders for TV designs.

"Internally, we have a roadmap. I don't want to say when, but we are heading towards an even more sophisticated technology with self-light-emitting quantum-dot diode. It will most likely be faster than people think it will be." Backlight will be removed and the QD material will emit light on its own.
Brightness matters
One of the key advantages that OLED does have over QLED is the black levels. Park admitted that OLED has better black than QLED in pitch-darkness, but do the majority of consumers really watch their TVs in the dark?
Samsung surveyed TV owners in five countries -- South Korea, the US, Germany, Mexico and Vietnam. It asked those who bought a TV within three months which of three statements best describes how they watch their most recently purchased TV: In a bright environment with lights on; in a dimly-lit environment with adjusted lighting; or in a dark environment with all lights turned off.
In South Korea, 46.8 percent said they watch in a bright environment, while 32 percent said they dim the lights, and 21.2 percent said they turn off the lights. In the US, this was 16.4 percent, 49.6 percent, and 34 percent, respectively. In Germany, it was 17.2 percent, 56.8 percent, and 26 percent; in Mexico it was 16.8 percent, 41.6 percent, and 41.6 percent; and in Vietnam, it was 46 percent, 46.8 percent, and 7.2 percent.
Overall, Samsung found that more than two-thirds of regular consumers globally watch with the lights on or dimmed, but never completely off.

201707311402076pymc4cbb.gifSamsung claims TV's brightness is the most important for the best picture in real use environment.

Only when the lights are completely off does OLED's black standout, and therefore, the company argues, the advantage is really minimal. The US' IES (Illuminating Engineering Society) and Germany's DIN (German Institute of Standardization) recommend living-room lighting of between 50 to 100 lux. Korea Standards Association suggests 150 to 300 lux.
Park hit out at the current procedure for of TV testing, where new releases are tested in dark rooms, close to a theatre setting. "When the majority of consumers watch TV at bright settings, shouldn't the way experts measure TV change?" Park is among several figures in support of the need for this change, arguing that display measurement must be considered in use case environments.
Samsung is now keen to expand HDR availability. Earlier this year, it partnered with Amazon in HDR10, and is working with Hollywood to make it the de factor standard in film making.
"HDR is of keen interest in the display, broadcasting, content, and film industries," Park said. "Life-like picture quality is the key to maximizing the potential of HDR. You need wide colour gamut and colour volume. The bar for brightness and width of colour gamut will get higher and higher, and QLED [which Samsung claims to have brightness up to 2000 nit] is the only one that can deliver. QLED also reduces the light reflect to extremely low levels, thereby producing an optimized black fit for bright settings."
QLED TVs accounted for 6 percent of Samsung's total shipments in 2016. In revenue it accounted for 16 percent, while in profits, it contributed 27 percent. This has near doubled this year -- accounting for 10 percent of Samsung's total shipment as of June, 23 percent of revenue, and 38 percent of profits. The total contribution for 2017 may decline overall but it will still be a strong growth from last year, Samsung believes.
"Our yield rate for quantum dot materials has increased drastically since 2015," Park added. "Like LED TVs before it, as we become more cost-effective and receive positive reception from consumers, QLED TVs will become a mass market product, eventually."
"We believe that QLED will be the future of TVs. The industry will follow," said Kim Hyun-suk, president of the VD business -- the top boss of TVs at Samsung. "By strengthening this momentum, we will stay committed to maintaining our status as the top global TV manufacturer."
Trial and error
Samsung first put the app store in its convergence TVs in 2010, and the following year, it renamed them smart TVs. "It worked for phones, so we thought, 'why can't there be a smart TV," said Sangsook Han, vice president of Service Business team under the VD unit. "In the beginning, we did think of it more in terms of a 'TV version' of the smartphone.
"We didn't think seriously enough that those who use TVs had different expectations to those who use a smartphone," the VP said. "It was a learning experience. Looking back, I think it was a worthwhile attempt. It didn't increase our profits, but it shows our commitment to try something new as the leader."

1.jpgSamsung's Han and the service team at the VD unit started to focus on the smart TV as a content hub. ReLim Studio 1

The initial reaction to smart TVs was tepid globally. It was deemed too gimmicky, with rudimentary features that didn't suit how consumers interacted with the TV. And the demand was relatively small compared to today.
"There was a demand from consumers to have internet or internet-streaming services on the TV," Han said. "People knew they wanted water. But the question is whether they want their water hot or cold, or in a bottle or a cup? So what [we found] is important is 'how'?"
So the experiment continued. Moving from basically putting smartphone features into TVs, the company made new services with TV hardware specifically in mind. It added Family Story, a photo app for sharing among family members. In 2012, it added cameras that allowed users to see their fitness moves on screen (since removed due to privacy issues). In 2013, Samsung launched HiTV, which allowed simple conversations with the TV -- "ahead of its time," Han said with a chuckle. These services didn't last long, however.
"What we realized is that consumers didn't really want something new, really," said Han. "And we realized that TV was a medium that you watched, not a medium you use. Like the phone, more passive than active. It seems obvious in hindsight, but there was demand for, say, 'we wish there was calendar' or this or that. We only realized that it didn't work after we applied it.
"Our core lessons were, first, not to forget the main function of the TV -- something that is watched. [Consumers] want media content, more than anything else. And second, you couldn't change the way consumers watch TV, which is more or less on the sofa, leaned back. Many found the features hard to use. And you can't call it smart TV when you are asking consumers to become smarter. You had to allow them to stay the way they are and facilitate their use and their demands. We wanted effortless engagement," she said.

kfione-remote-control.jpgSamsung has improved UI for content viewing and simplified control for consumers, such as with the One Remote control. Image: Samsung

At the same time though, the demand for internet services continued to rise. According to Samsung's surveys, in 2012, demand for internet services was ranked 10th out of all consumer demands. In 2014, it jumped to sixth and in 2016 it reached fourth. In 2017, the demand for internet services, primarily internet-streaming, is ranked between second or third. "The goal was to give consumers what they want. We cannot turn back from smart TVs now."
Content hub
After the experiments of 2012 and 2013, Samsung pressed the reset button in 2014. After conducting research, the company found consumers judged a TV as smart based on the whole experience -- from when it is turned on to when it is turned off -- rather than individual services. So the focus was now on user experience, from start to finish. Services, meanwhile, were focused on media content. Simply put, the goal was -- and still is -- to become an easy-to-use content hub.
The company applied Tizen to all its TVs that year in preparation, and in the following year launched the One Remote and Smart Hub -- as well as a simplified UI that aggregates all content into an easy-to-view menu with previews. The goal was to make the smart TV experience smarter without taxing the consumer. Voice commands and smartphone control were also added to help consumers reach media content faster. Today, users can control their TVs via the Galaxy S8 or newly-launched Galaxy Note 8 through the Smart Hub app.
Previews are now decided by the content partners themselves, such as Netflix and Amazon. "So instead of making new services, we invited content vendors to use our smart TVs as their hub to deploy their content. We don't want to force our services on the consumer anymore," said the VP. "This kind of collaboration was unimaginable when we started. Apple's set-top box is available too now."
"Smart TV is an eco; what I mean is that it can only be done through collaboration and communication with departments," said Han. "Inside the company, the hardware, software, UX, UI, and service team, and other businesses besides VD [are] working together. Starting in 2014, we have extended this cooperation with our outside partners. Our fundamental attitude changed. And [since] 2016, the reception for our smart TVs has been very warm."
Samsung launched the TV Plus this year, which aggregates 4K and HDR content. "We have UHD resolution, and we have committed our partners on 4K (UHD) and HDR. We want to keep that promise and become their hub as well," Han added.
OTT content partners, film studios and gaming firms are reevaluating the TV as a content hub, said Han. "Facebook now has a TV app exclusively for us. This was unimaginable only a few years back. Content makers are seeing the value of the new smart TV and how it can help them reach a wider consumer base."
Internet of Screens: From picture frames to trucks
11 years as the top vendor drastically changed internal processes. As well as picture quality and smart convergence, design and form factor became more and more important.
"When we were the fast follower, it was easier," said Park of the Product Strategy team. "We saw everything logically. All we needed to worry about was the step-by-step evolution of picture quality. Now everything starts with imagination.
"What we do in Product Strategy is basically come up with a concept from scratch. We try to look beyond the conventions of TV. We look at new values that the TV can create in the consumers' lives. Therefore, we look at their lifestyle and we think a lot about design and form factor that will ultimately become a part of their lifestyle. It's not just about picture quality anymore. It's about the form and what the TV can do."

the-frame-0031.jpgFrame TVs double up as decoration when not being used to watch content. Image: Samsung

The South Korean tech giant's technological sophistication wasn't always taken for granted. The firm's Bordeaux TV, its 2006 hit that helped it surpass Sony, was more known for its crystal wine glass-inspired frame design. The design focus that started then has now moved on to form factor.
The first major tweak in form came with the Curved TV, featuring a curved screen for the first time in a flagship product. This year, the company launched the Frame TV, a picture frame-shaped TV that can be put on a stand or mounted on a wall.
"It's not just the form factor," said Han. "Our Frame TV has a picture store, where users can decorate their houses by using it as an art gallery, which is possible from our crisp picture quality and smart features."
The VD unit kicked off its B2B display business unit in 2015, and is now deploying QLED signage, such as screens that are used as mirrors in barbers. Samsung has also put screens at the back of trucks for the Safety Truck concept, allowing cars behind to see the view ahead. Huge LED screens are being installed on stadiums and movie theaters, while the flexible screen has been applied to prototypes, although yield rate is preventing commercialization.
"These projects are not about profit. It is about leadership. We have to imagine things, apply them, and see if they work."
"Samsung has been the leader of the TV industry for 11 consecutive years," added Park. "Part of it stems from our continued effort to discover new usage cases. Technology and innovation are very important. These projects are not gimmicks. They are our experiments. Many experiments fail. That is not the point. The point is that we continue to try and find what the consumers want."
So what is a TV?

q9flifestyle-05.jpgSamsung believes boundaries between devices are blurring and that the TV will be integrated into our lives in ways previously unimaginable. Image: Samsung

It can be argued that, besides picture quality, the fundamental function of the TV has never changed from its inception up until the 1990s. From JFK's address during the Cuban Missile Crisis to OJ Simpson's trial, the TV was the king of the home -- where families gathered to learn the latest goings-on in the world.
Today, however, people have their smartphone for content consumption. Samsung seems to be moving away from the TV-centric Internet of Things strategy to one more balanced between devices, with TVs, home appliances, and smartphones considered equally. To illustrate this, the conglomerate announced it will apply more AI and voice recognition features to home appliances, seemingly to compartmentalize "command points" in the home. So where is the TV headed in the next five years?
"The TV today is not the TV of old. In the CRT age, people watched three to four hours of it, and it was off," said Han. "Do consumers really buy one TV today? TV comes in so many different sizes now, from 20 inches to 70 inches. Do people enjoy the same family time of old? Are the houses we live in the same? Do people use TVs the way did before? These are all questions to consider when you look at the fast-changing market.
"What we think about is the role of the TV in those remaining 20 hours, besides the four-hour average when it is being watched. We imagine it to be a screen that gives new functions. It won't just be in the living room. It will be in places we haven't thought of ... as windows, picture frames, and music players. And outside the home.
"In five years, we think TVs won't be called TVs. They will be a smart device. Don't get me wrong, there will always be demand for the best picture viewed on a large screen. That interest won't fade. But today, near 60 percent of all TVs are smart TVs. Monitors and tablets do what TVs do. There is a convergence unlike anything we've seen before," she said.
"The point is that any service, technology, or platform we have will in the end serve our greater purpose of giving consumers a better experience."
She declined to comment on whether Bixby was coming to TVs next year. However, Injong Rhee, Samsung mobile CTO, has said that the firm's Bixby AI platform will be coming to devices outside of smartphones. Samsung Mobile boss DJ Koh said the firm will introduce a Bixby service that connects the Note 8 with TVs in China, though he didn't provide details.
The way departments communicate has also changed, Han added, both pro-actively and in reaction to changes. Frame TVs, for instance, sport a sensor made by the semiconductor business.
"Inter-business communication has improved remarkably. We are following consumer demand for convergence," Han said. "The VD unit no longer thinks in terms of 'we have to sell TVs', but more in terms of 'how this helps the combined experience of the consumer'."

2017073114020934d4tew9b.gifSamsung's SCM protects its bottom line.

Samsung is near obsessive about consumer feedback. In the first half of this year, VD conducted over 80 consumer survey projects in North America, Europe, the Middle East, CIS nations, Southeast Asia, South Korea, China, and India. These surveyed consumer living and viewing environments, spatial roles, and how people watch TV depending on where they are in the house. The firm also does a lot of focus group interviews and home visits.
"We try to find unmet consumer needs and pain-points, and these are our concept seeds that we develop into a prototype. These prototypes are lent to consumers for us to review and make assessments of what makes the most sense in their lives."
Then there is the conglomerate's long experience in supply chain management (SCM). Samsung's system for managing inventory makes it well-known in South Korea as a "well-oiled machine". It has a strict protocol for checking healthiness of remaining stocks, and TVs are delivered by a total of 13 transportation methods.
"Consumer behavior is changing rapidly, so I can't say our TVs will always be a content hub. Those trial services in the early days of smart TV might come back, but in an evolved way that reflects the changes," said president Kim.
"We have been leading the TV industry for 11 years and will continue to be at the forefront of bringing about meaningful changes."
"For 2018, one of our keywords will be personalization," Han added. "We are also planning a big announcement, which will be a result of collaboration among the businesses. TV is no longer king. A paradigm shift is imminent, and there will be an important role that the TV plays."


          

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Bridging the Week by Gary DeWaal: October 21 to November 1, and November 4, 2019, (CFTC Settlement Undone; Aiding and Abetting Liability Potentially Broader; Spoofing = Wire Fraud)   

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Two weeks ago, a federal court of appeals sided with the Commodity Futures Trading Commission ruling that a district court could not require the testimony of three commissioners and various staff to assess whether the agency committed civil contempt in connection with its handling of an enforcement settlement with two food giants. In response, the district court confirmed it would solely evaluate the existing record to determine whether to grant the defendants’ motion for a contempt finding against the Commission and sanctions; however, it also set aside the settlement consent order and instructed the parties to propose a trial date – although they could also propose new resolution terms. Last week, a law firm filed its own lawsuit against the CFTC for the agency’s non-provision of documents related to the settlement in response to a request under the Freedom of Information Act. Unrelatedly, the House Committee on Agriculture proposed to reauthorize the CFTC for another five years and to expand the reach of potential aiding and abetting liability to reckless acts in addition to purposeful acts. As a result, the following matters are covered in this week’s edition of Bridging the Week:

  • District Court Judge Calls for Do Over in Settlement of CFTC Enforcement Action Against Food Giants After Court of Appeals Mostly Grants Commission’s Mandamus Request (includes Legal Weeds);
  • House Ag Committee Proposes CFTC Reauthorization That Includes Aiding and Abetting Expansion (includes My View);
  • Spoofing Can Violate Wire Fraud Statute Rules Federal Judge (includes Policy and Politics); and more.

Video Version:

Article Version:  

Briefly:

  • District Court Judge Calls for Do Over in Settlement of CFTC Enforcement Action Against Food Giants After Court of Appeals Mostly Grants Commission’s Mandamus Request: On October 23, the federal court judge in Chicago presiding over the 2015 enforcement action by the Commodity Futures Trading Commission against Kraft Foods Group, Inc. and Mondelez Global, LLC set aside the settlement agreement among the parties confirmed in an August 14, 2019 consent order. The CFTC originally charged the defendants with manipulating and attempting to manipulate December 2011 wheat futures contracts and cash wheat.

The Hon. John Blakey revoked the settlement order following a decision by a federal court of appeals to grant, in part, relief requested by the CFTC in a mandamus petition precluding him from requiring the Chairman of the CFTC, two commissioners, and various employees of the Commission to provide testimony in a contempt proceeding against the CFTC and the individuals. Previously, the defendants requested that the CFTC and the individuals be held in contempt because they claimed the CFTC and the individuals had violated terms of a mutual gag agreement contained in the consent order when the Commission and two commissioners issued statements contemporaneously with publication of the order. The defendants also sought sanctions against the CFTC.

Under the agreement, defendants agreed to remit a fine of US $16 million and not to violate various provisions of law relating to manipulation, wash sales, and speculative limits. The consent order made clear, however, that nothing in the order reflected an agreement or determination that the defendants violated any provision of applicable law. (Click here for details regarding this dispute in the article “Contempt and Sanctions Hearing Against the CFTC Arising From Manipulation Complaint Settlement Delayed to October 2” in the September 2, 2019 edition of Between Bridges.)

The US Court of Appeals for the Seventh Circuit held that only the CFTC could potentially be held in contempt for violating the gag order and not any individuals, and that the determination of whether the CFTC was in contempt should be made by Judge Blakey solely on the basis of the existing record without any consideration of collateral evidence, including the testimony of any CFTC commissioners or employees.

In response, Judge Blakey issued a docket entry noting that he would resolve defendants’ motion for contempt, sanctions and other relief relying solely on the existing record. He also set aside the consent order on the grounds that the “factual record” does not support a proposition that the parties agreed to settle their dispute with an understanding that the settlement terms were binding on the Commission but not on agents of the Commission, including commissioners and staff. Additionally, Judge Blakey requested that the CFTC and defendants renew their motions for summary judgment and propose a trial date during a hearing on November 20. Judge Blakey indicated that the parties may still try to settle this matter, however.

Separately, the New York-based law firm of Kobre & Kim sued the CFTC in a federal court in NY, claiming that the Commission failed to produce documents related to the CFTC-Kraft/Mondelez settlement that it requested under the Freedom of Information Act. The law firm claims that it requested the documents because the original settlement failed to contain any findings of fact or conclusions of law, and thus the CFTC has left “the public in the dark” regarding its current theory of manipulation. According to the law firm, “[i]n effect, the CFTC negotiated a private resolution that left the industry without any intelligible guidance and with a potential misimpression that the legal theories asserted against [Kraft/Mondelez] had a sound legal basis.” (Click here to access a copy of Kobre & Kim’s Complaint.)

Legal Weeds: In its petition for mandamus, the CFTC also requested that the civil contempt proceeding against it be ended. However, the Court of Appeals rejected this request, claiming that if a decision ultimately is rendered adverse to the CFTC, the Commission can appeal that outcome in the ordinary course. The Court of Appeals also declined to transfer the contempt proceeding to a different judge as asked by the CFTC, saying that Judge Blakey was in the “best position to decide as an initial matter” if a contempt determination was warranted.

Following the Court of Appeals’ decision, Judge Blakey indicated that not only would he be considering the CFTC’s possible violation of the consent order, but also possible violations of the court’s prior orders, “including this Court’s orders making the settlement conference discussions private in conformity with traditional trial court practice.”

Judge Blakey previously had suggested that the Commission as well as individual commissioners and staff might be subject to criminal contempt determinations. However he withdrew this threat on September 19. (Click here to access the relevant docket entry at 336.)

Judge Blakey’s pronouncement on the wide scope of his contempt determination coupled with Kobre & Kim’s FOIA lawsuit against the CFTC on Halloween serve to underscore how the Commission’s initial handling of its settlement with Kraft and Mondelez will continue to haunt the agency for some time.

  • House Ag Committee Proposes CFTC Reauthorization That Includes Aiding and Abetting Expansion: The House of Representatives' Agriculture Committee proposed a bill to reauthorize the Commodity Futures Trading Commission through fiscal year 2025 that includes a material expansion of potential aiding and abetting liability. Currently, under relevant law, any persons who willfully aids and abets a violation of law can be held liable for such violation as a principal (Click here to access 7 U.S.C. § 13c(a)). As proposed by the Agriculture Committee, any person who recklessly provides substantial assistance to such a violation could also be liable as a principal. 

Additionally, the proposed reauthorization bill would (1) amend core principles for contract markets and swap execution facilities to require the CFTC to adopt rules detailing trader data and other information such trading venues must be able to access from cash markets and other data sources related to contracts referencing digital commodities and (2) expand the reach of the CFTC’s enforcement authority outside the United States to circumstances where certain prohibited activities (e.g., fraud and manipulation) “have or would have a reasonably foreseeable substantial effect within the United States.” 

As proposed, the CFTC would also be required to adopt policies to safeguard proprietary information it receives whether through investigations or otherwise proportionate to the “level of sensibility of the information” and limit access to the information to “appropriate” Commission staff.

My View: In light of the CFTC’s relentless prosecution of Jitesh Thakkar for developing software used by Flash Crash Spoofer Navinder Sarao despite the dropping of parallel criminal charges by the Department of Justice, the proposed expansion of potential aiding and abetting liability for non-registrants is a significant red flag. Potentially holding programmers of futures trading, advisory or surveillance systems liable for the non-intentional development of software that might be used for illicit purposes could have a material chilling effect on software development for legitimate purposes and inhibit US leadership in creating new fintech innovations for the derivatives industry. (Click here for background regarding the CFTC’s pursuit of Mr. Thakkar in the article “Department of Justice Declines to Retry Alleged Programmer for Flash Crash Spoofer” in the April 28, 2019, edition of Bridging the Week.)

  • Spoofing Can Violate Wire Fraud Statute Rules Federal Judge: A federal district court in Chicago declined to dismiss criminal charges alleging violations of wire fraud prohibitions against James Vorley and Cedric Chanu related to alleged spoofing trading activities on the Commodity Exchange, Inc. from at least December 2009 through November 2011. Both individuals were formerly associated with Deutsche Bank and were named in a criminal complaint filed in July 2018. (Click here for background in the article “Alleged Spoofer Exonerated in Criminal Trial Agrees in Principle to CFTC Settlement; Two More Purported Spoofers Criminally Charged” in the August 5, 2018 edition of Bridging the Week.) The defendants were charged both with wire fraud (Click here to access 18 U.S.C. §1343) and with conspiracy to commit wire fraud (click here to access 18 U.S.C. §1349).

​The defendants had argued that they could not be convicted of wire fraud because a violation under the relevant statute requires the making of affirmative misrepresentations and spoofing trading does not entail false statements. According to defendants, their orders – even if spoofing orders – entailed no representations beyond their stated terms and solely communicated an implied commitment that if their orders were accepted before cancelled, they would be filled according to their terms.

The Hon. John Tharp, Jr., the presiding judge in this matter, disagreed with defendants’ arguments. He wrote that omitting or concealing material information, even absent a duty to disclose, constitutes a violation of wire fraud prohibitions “if the omission was intended to induce a false belief and action to the advantage of the schemer and the disadvantage of the victim.” Judge Tharp claimed that when orders are placed with an intent to cancel them before execution in connection with spoofing, the intent is to create a “false belief about the supply or demand for a commodity” so that a market moves in a direction to execute resting orders of the spoofer on one side of the market to the detriment of other traders on the other side of the market who are not knowledgeable of the spoofer’s trading intent.

The court also rejected defendants’ argument that the wire fraud statute is unconstitutionally vague. Judge Tharp wrote that spoofing is similar to pump and dump schemes that have frequently been prosecuted under wire fraud prohibitions.

The Dodd Frank Wall Street Reform and Consumer Protection Act that contained an express spoofing prohibition was not signed into law until July 21, 2010, and the anti-spoofing provision was not effective until July 16, 2011. Thus, the DOJ could not prosecute defendants utilizing the prohibition for the overwhelming majority of their purportedly illicit spoofing transactions. (Click here for background regarding the effective date of the anti-spoofing prohibition and other provisions of Dodd-Frank.)

Policy and Politics: In February 2019, the Futures Industry Association filed a friend of the court brief in this matter arguing that prosecuting defendants for wire fraud (and not spoofing) raised issues of concern to the business community because such action implied that orders entered without an intent of execution for any reason constituted fraudulent statements to the marketplace. However, observed FIA, such a view would challenge “the vitality of the established legal precept” that market participants have no obligation to disclose any information in connection with open orders including their intentions regarding such orders. According to FIA, criminalization of “a market participant’s failure to disclose trading intentions opens the door for arbitrary prosecutions and vexatious private claims.” (Click here to access a copy of the FIA filing.) The US Chamber of Commerce, the Bank Policy Institute and the Securities Industry and Financial Markets Association made similar arguments in a friend of the court brief they also filed in this matter.

More Briefly:

  • CFTC Chair Says Position Limits Proposal Coming Soon; Head of DSIO Says Thematic Reviews Coming Soon Too: In a kick-off speech before FIA Expo in Chicago last week, Heath Tarbert, Chairman of the Commodity Futures Trading Commission, said the Commission will propose new position limits rules within the next few months. He also said that, among his other objectives, were issuance of a framework for principles-based regulation generally, principles guidance for digital assets, enforcement penalty guidance, and a cross-border rule for swap dealers. Although he associated no specific time frames with his other objectives, Dr. Tarbert quoted Thomas Edison in saying that “vision without execution is hallucination.”

Separately, Joshua Sterling, Director of the CFTC’s Division of Swap Dealer and Intermediary Oversight, indicated that his Division staff would soon commence targeted thematic reviews of swap dealers and commodity pool operators. In a speech before the Alternative Investment Management Association, Mr. Sterling said the purpose of the review would be “both to mitigate the potential for blind spots in our oversight and enhance our engagement with registrants.” According to Mr. Sterling, firms subject to reviews are those likely “to have a significant impact” on derivatives markets and each review would be completed onsite within five business days. The objective of the reviews is not to refer matters to the Division of Enforcement, he said, but to provide general guidance to the industry and determine potential rulemakings.

  • US and Non-US Companies Charged by CFTC for Acting as Unregistered FCMs: XBT Corp. SARL d/b/a First Global Credit (FGC) settled charges brought both by the Commodity Futures Trading Commission and the Securities and Exchange Commission that if offered and sold investment products to US person in return for payments in bitcoin in violation of certain legal provisions. According to both regulators, FGC is a Switzerland-based company that maintains a website and platform to solicit customers to trade futures and securities products.

The CFTC alleged that, from March 2016 through July 2017, FGC solicited and allowed US persons to trade futures on the Chicago Mercantile Exchange’s Globex platform without being registered as a futures commission merchant. The SEC charged that from 2014 through 2019, the firm offered and sold instruments based on US and internationally listed stocks to US persons that did not meet certain minimum financial standards by qualifying as “eligible contract participants” under applicable law (Click here to access a definition of an ECP at 7 U.S.C. §1a(18)). However, as these instruments constituted security-based swaps, they could only be sold to nonqualified US persons if the instruments were subject to an effective registration statement and were traded on a national securities exchange. FGC met neither of these requirements, alleged the SEC.

FGC settled with the CFTC and SEC by agreeing to pay each a US $100,000 fine. FGC additionally agreed to remit to the SEC US $32,952 as disgorgement and interest.

Unrelatedly, Upstream Energy Services LLC, a Texas-based crude oil and natural gas advisory firm, was also charged by the CFTC with operating as an FCM without registration. The CFTC claimed that between April 2017 and September 2018, the firm accepted orders for futures and options on behalf of two clients owned by the same person, and entered the orders and carried the resulting trades in its own trading accounts. Upstream extended credit to the clients for margin but was subsequently reimbursed by the clients for Upstream’s costs; Upstream also received fees from the clients for its trading services. Upstream agreed to pay the CFTC a US $75,000 fine to resolve its purported violation.

  • No Action Granted by SEC to NY Digital Trust Company to Settle Equities Transactions Without Clearing Agency Registration: Staff of the Securities and Exchange Commission granted Paxos Trust Company, LLC no action relief to act as a clearing agency for two years without registering as a clearing agency in connection with a private and permissioned distributed ledger system designed to facilitate simultaneous delivery vs. payment securities settlements. As a condition of its no action relief, Paxos will provide its offering to no more than seven participants; limit its services to a de minimus amount of activity; and solely settle equities that meet certain criteria. Paxos’s proposed settlement system will piggyback on existing structures by creating and utilizing digital representations of cash wired by broker-dealer participants to a Paxos bank account and digital representations of securities transferred by the same broker-dealers from their The Depository Trust Company accounts to a Paxos DTC account. According to a press release issued by Paxos, Credit Suisse and Société Générale will be among the first participants to use Paxos’s settlement services (Click here to access Paxos’s press release).

In other legal and regulatory developments involving Fintech:

  • DOJ Relies on Bitcoin Block Chain Analysis for Indictment of Leader and Users of Darknet Child Pornography Website: The Department of Justice quarterbacked the indictment of the founder of a darknet child pornography website – Welcome to Video ("WTV") – by a grand jury in the District of Columbia, and the arrest and charging of 337 site users nationwide and abroad. According to the DOJ, by tracing transactions on the bitcoin blockchain, it was able to identify the site’s alleged leader – Jong Woo Son — and the location of the site’s server’s physical location in South Korea. With analytic help from a private company, Chainalysis, DOJ was also able to identify the exchanges on which bitcoin was initially purchased for use on WTV, thus allowing the DOJ to identify potential users by relying on the exchanges’ know-your-customer information. (Click here to access background by Chainalysis.)

  • CFTC Chair Stresses Need for Principles-Based Regulation to Accommodate Fintech and Announces Elevation of LabCFTC to Operating Office: Heath Tarbert, Chairman of the Commodity Futures Trading Commission’s, indicated that innovation in the derivatives industry can best be encouraged by providing a “principles-approach to regulation.” Contemporaneously, during a presentation at the beginning at the CFTC’s Fintech Forward 2019 conference on October 24, Dr. Tarbert announced the elevation of LabCFTC to an independent operating office within the Commission (as opposed to a part of the Office of General Counsel) and the CFTC’s new membership in the Global Financial Innovation Network. GFIN is an organization of global regulators that encourages cooperation in the development, execution and distribution of new technologies. In connection with the Fintech Forward conference, LabCFTC also issued a primer on Artificial Intelligence (click here to access). The Securities and Exchange Commission, the Federal Deposit Insurance Corporation  and the Office of the Comptroller of the Currency also announced they joined GFIN last week (click here for background).

  • OCC Loses Effort to Have Scope of DFS Judgment Limiting National Fintech Charters Narrowed: A federal court in New York City granted the New York Department of Financial Services’ request for an order precluding the Office of the Comptroller of the Currency from approving fintech applicants who do not accept deposits for national bank charters. Both parties had agreed to the general framework of a proposed order mandating such outcome, but OCC had sought to limit its application solely to fintech applicants that had a nexus to New York State. Previously, the same court had ruled that NYS had standing to bring its legal action. (Click here for background in the article “Federal Court Opens Spigot Permitting NY DFS Lawsuit to Proceed Against Federal Bank Regulator for Planning to Issue Fintech Charters” in the May 5, 2019 edition of Bridging the Week.) In September 2019, a federal court in the District of Columbia ruled that the Conference of State Bank Supervisors had no standing to bring an analogous action against OCC, writing that the organizations' claims were unripe as, to date, no fintech company has applied for a relevant charter. (Click here for a copy of the relevant court decision.)

  • Purported Faulty Block Trade Reporting, Prearranged Trading to Obtain Exchange Incentive Fees and Failure to Supervise Result in NYMEX Disciplinary Action Settlements: McNamara Options Ltd. agreed to pay a fine of US $70,000 to resolve charges brought by the New York Mercantile Exchange that it failed to accurately reflect execution times on multiple block trade submissions and failed to report such block trades within required time frames. NYMEX also alleged that the firm did not “properly” train its employees regarding its requirements to accurately reflect the execution time of block trades on submissions. 

Unrelatedly, Ze Qian, a nonmember, resolved an unrelated disciplinary action by NYMEX that claimed he prearranged the execution of transactions involving steel futures between an account he traded for his employer and an account owned and controlled by another person to enable Mr. Qian’s employer to receive trade credits from a market-maker incentive program administered by the exchange. To resolve this matter, Mr. Qian agreed to pay a fine of US $5,000 and serve a two-year all CME Group exchanges’ access ban. 

Additionally, three nonmembers were all fined either US $40,ooo or US $50,000 by the Commodity Exchange, Inc. or NYMEX and permanently barred from accessing CME Group exchanges for trading for engaging in spoofing trading. The three persons are Shiv Agarwal, Krishna Lakani and In-Ho Hwang. Finally, Boston Metal Co., Ltd was also sanctioned US $40,000 for failing to supervise one of its employees who allegedly engaged in spoofing trading and for not ensuring that each of its traders used a unique Tag 50 identification when placing electronic orders.

  • Two Affiliated Broker-Dealers Agree to US $15 Million Sanction for Purported AML Program and Supervisory Deficiencies: BNP Paribas Securities Corp. and BNP Paribas Prime Brokerage, Inc. agreed collectively to pay a fine of US $15 million to resolve allegations by the Financial Industry Regulatory Authority that, from February 25, 2013 through March 31, 2017, they failed to maintain and administer an adequate anti-money laundering program. Among other matters, FINRA claimed that until 2016, the firms did not conduct surveillance of penny stock transactions or transactions outside of traditional exchanges despite the heightened risks of such transactions including fraud, money laundering and lack of registration of such stocks with the Securities and Exchange Commission. The firms reviewed wire transfers involving US dollars, acknowledged FINRA, but purportedly failed to monitor wires involving foreign currencies or any wires to assess whether they involved high-risk jurisdictions or entities. FINRA claimed that during the relevant time, some employees of the firms escalated concerns regarding the adequacy of their AML program to senior management; however, said FINRA the firms “did not act in a timely manner to address the deficiencies its personnel identified.” FINRA indicated it considered the firms’ remediation efforts which commenced during its review in computing the amount of the firms’ fine.

  • Trader Accused by SEC of Making Misstatements Regarding Bond Pricing Asks for Summary Judgement Claiming Practices Were Industry Norm: James Im, who was sued by the Securities and Exchange Commission in 2017 for purportedly engaging in fraud by misrepresenting information related to commercial mortgage-backed securities he sold to customers, supported a motion for summary judgment in his favor by arguing that while his statements may have been misleading, they were not materially misleading and, in any case, none of his customers relied on them. This is because, claimed Mr. Im, none of Mr. Im’s customers would have considered his statements in assessing the value of the bonds he sold or whether to purchase them as they engaged with him solely on a principal to principal basis and he never acted on their behalf as an agent. Moreover, said Mr. Im, at no time did he act with scienter or recklessly because his misstatements were solely “negotiating positions [and] nothing more”, and “market participants understood that such misstatements were not uncommon.” Mr. Im was previously co-head of the CMBS desk at Nomura Securities International, Inc. (Click here for a copy of the SEC’s original complaint against Mr. Im.)

For further information

CFTC Chair Says Position Limits Proposal Coming Soon; Head of DSIO Says Thematic Reviews Coming Soon Too:

CFTC Chair Stresses Need for Principles-Based Regulation to Accommodate Fintech and Announces Elevation of LabCFTC to Operating Office:
https://God.blue/splash.php?url=_SLASH_T8Q3cYIak2pwlUAEow3_SLASH_1eZktCEj0yh7Fjwo2xEQoB89jtGLbNt2DZSSuGX1j9kku_PLUS_p93ar_PLUS_ZaN20BB9uMBevOwI3iQ3KhXpbtoQS4t8zzDr6opObAVV_PLUS_plb1yDtE7YIKgyK0dSET0J8cNqqW7eTw_EQUALS__EQUALS_

District Court Judge Calls for Do Over in Settlement of CFTC Enforcement Action Against Food Giants After Court of Appeals Mostly Grants Commission’s Mandamus Request:

Court of Appeals:
https://God.blue/splash.php?url=WshYf6LkLdapjFKmNdGSH4b_PLUS_N8TGpW0lV_PLUS_4fo8W1N3_PLUS_EEFh8SIQo3pqUkALR0nDFN6Kk3YfMGjcfrDdEstdCtnVO7ChMu_PLUS_aNsttbrUls6wkj6aBolYfp1oikDYCy7t4H1HRHEBunlRcpq93StguAsQqf0jpDc5mMi0_SLASH_AAHX8D_SLASH__SLASH_DmI66lmBgzQuIz9cxjdaJkNUlw5QoX9noYGUXDo9aGPNwbj8acNc2IdRI6O1gLptrjx_SLASH_5iFJLOE9Gre92Mk5x

District Court:
/ckfinder/userfiles/files/Kraft%20Docket%20Notice%2010-23.pdf

DOJ Relies on Bitcoin Block Chain Analysis for Indictment of Leader and Users of Darknet Child Pornography Website:
https://God.blue/splash.php?url=a1EFX7vFrkT5cbHX7BuLsUNvOI_PLUS_SYuZsq_SLASH_q1X8RUr4pQGEY1xUGuQ1oDwt_PLUS_VMPWuj0Hhsd2vQKBJyGFNiUk1dVrujOHZZDkM8mWOkwXpA3pWAVcnS8cWiTPILgBLBxlYafjJhzriOSVDJFpNYqmjzA_EQUALS__EQUALS_
https://God.blue/splash.php?url=DNgaLBXiLNurEXNTFoiE8KXAIGwyYCUhTO4hQXk6dgkEkJdWdeFb7_SLASH_wHIIWxJJap4xOtaAZT4FKeRNOTZsq1Pc_SLASH_1BYtXPA7E9IhYTF9XkI3dqL_SLASH_DkZMdcK8rJIA0CAndLf4H4aV73ZRbfchVjCzSQg_EQUALS__EQUALS_

US and Non-US Companies Charged by CFTC for Acting as Unregistered FCMs:

House Ag Committee Proposes CFTC Reauthorization That Includes Aiding and Abetting Expansion:
https://God.blue/splash.php?url=neKCR84rMgkl0FRyZGwanUjZUA3xpAavoeefGCkpMLBHSVMbTYLInOSRmvnr_SLASH_krf1odX0KPrCdSakMqamqe6_PLUS_oU5VbhVb4fEVC89nc3bJz0Bt90ieH1S6_PLUS_zcFiwn5UKNzKsKPK1LHf47w7w_PLUS_WqgmsE5UCl391W2kZym9kZoU3_SLASH_g_EQUALS_

No Action Granted by SEC to NY Digital Trust Company to Settle Equities Transactions Without Clearing Agency Registration:
https://God.blue/splash.php?url=zC2P9_PLUS_s8EsKV7sBW7uJvVOo9Vu9pt15HjO3PGKjoH7ubPtyH9jT0IqKwmOMLn9TbNgiKG3iTYcYiyVjyN1_PLUS_NrVT6Wjmp3fEUIrqpEIQhCo9nNZXrDSMsDB6LYJyaaHeEYShjK40iW0sZcDL8s94W9L5eFi1Yg85dDpfy9MWg67P0jD6cxnApJoTCfJo07NAn

OCC Loses Effort to Have Scope of DFS Judgment Limiting National Fintech Charters Narrowed:
/ckfinder/userfiles/files/Lacewell%20v_%20OCC%2010%20-23(1).pdf

Purported Faulty Block Trade Reporting, Pre-arranged Trading to Obtain Exchange Incentive Fees and Failure to Supervise Result in NYMEX Disciplinary Action Settlements:

Spoofing Can Violate of Wire Fraud Statute Rules Federal Judge:
/ckfinder/userfiles/files/USA%20v_%20Vorley.pdf

Trader Accused by SEC of Making Misstatements Regarding Bond Pricing Asks for Summary Judgement Claiming Practices Were Industry Norm:
/ckfinder/userfiles/files/SEC%20v_%20IM%20SJ.pdf

Two Affiliated Broker-Dealers Agree to US $15 Million Sanction for Purported AML Program and Supervisory Deficiencies:
https://God.blue/splash.php?url=v56D0KFppZgNdK8D2lqHWVX_SLASH_BpYczyZ7qQuyYL_PLUS_f9TtDA_SLASH_LMDVzbfNlWKFfq67Jr7Cs9df_PLUS_m3wUWMt5hbXrnXRL_PLUS_NpYhCRVYjS7Fyf6bvnnZJWuun_SLASH_g1VVxC8s93yy_PLUS_fZgoxxfLYC_PLUS_f_SLASH_3PC9rU5hyrrFrgMnaM8TwWekFIJn4J4_EQUALS_

The information in this article is for informational purposes only and is derived from sources believed to be reliable as of November 2, 2019. No representation or warranty is made regarding the accuracy of any statement or information in this article. Also, the information in this article is not intended as a substitute for legal counsel, and is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. The impact of the law for any particular situation depends on a variety of factors; therefore, readers of this article should not act upon any information in the article without seeking professional legal counsel. Katten Muchin Rosenman, LLP may represent one or more entities mentioned in this article. Quotations attributable to speeches are from published remarks and may not reflect statements actually made. Views of the author may not necessarily reflect views of Katten Muchin or any of its partners or employees.


          

40 Local Food Blogs to Follow Around the World   

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If you're anything like us, food is a very important part of your travel plans. Whether we're on the road for work or flying halfway across the world for fun, we always try to sample the best local food.

That's why the coolest thing about traveling to London, San Francisco and New Orleans with Chowzter over the past two years has been meeting all the other contributors from around the world. They write blogs, run tours and share incredible photos of the local food/culture that we're dying to experience.

Even better, we've realized that they are just like you and me - regular people who love to eat/drink, love their cities and love the communities that are built around food. That's the perspective we trust and want to lead us to our next meal.

If you're traveling to any of the following cities this summer, please check out these great local writers we've met for their posts, videos, podcasts, tweets, instagrams, etc. with ideas on what to eat. And remember that much of what they write about are "fast feasts" - not fast food and not fine dining, but all the great local, affordable dishes in between (can you say Rotolo?) And if you don't see your destination city here, check out Chowzter.com and their new video site www.foodiehub.tv for quick suggestions in about 100 other cities.

Best croissant in Paris at Grenier a Pain,
as told by Paris blogger Mathilde!
North America:

Austin - Man Up Texas BBQ
(great name! he does BBQ tours too)
Buffalo - Buffalo Eats
Charleston - Charleston Food Bloggers
(check out his video of San Francisco, too)
Chicago - Roam & Home
Dallas - FoodBitch
Detroit - The Hungry Dudes
Houston - Urban Swank
Los Angeles - Gourmet Pigs  
New York - Feisty Foodie
Orlando - Tasty Chomps
Portland - Talk. Eat. Drink. Portland.
(middle school teachers write on happy hours!)
Queens - Chopsticks & Marrow
San Diego - Kirbie's Cravings   
San Francisco - FoodHoe's Foraging
Toronto - Food Junkie Chronicles  
Vancouver - Follow Me Foodie
Washington, DC - Capital Cooking

Around the World:

Bankok, Thailand - Thai Street Food
Barcelona, Spain - Forever Barcelona (hosts food tours!)
Baja California and western Mexico - A Gringo in Mexico
Beirut - No Garlic No Onions
Bristol, England - Bristol Bites
Buenos Aires, Argentina - Pick Up the Fork
Caracas, Venezuela - Milsabores
Dubai - Ishita Unblogged
Glasgow, Scotland - The Glasgow Food Blog
Hanoi, Vietnam - Sticky Rice
Istanbul, Turkey - Istanbul Food
Jakarta, Indonesia - Eats and Treats
London, England - Eat Like a Girl
Manila, Philippines - Our Awesome Planet
Mumbai, India - Finely Chopped
Paris, France - Mathilde's Cuisine
Puebla, Mexico - All About Puebla
Rio de Janeiro, Brazil - Eat Rio
Seoul, South Korea - Seoul Eats
Singapore - Camemberu
Sydney, Australia - Simon Food Favourites
All around Latin America - New World Review

          

Points shared in landmark World Cup qualifier between North and South Korea   

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Gianni Infantino looked on but there were no fans in attendance as North Korea and South Korea drew 0-0 in a World Cup qualifier on Tuesday.

          

Gary Lineker's two-word reaction to Son's apology to Andre Gomes   

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Gary Lineker's two-word reaction to Son's apology to Andre Gomes - originally posted on Sportslens.com

Tottenham Hotspur forward Son Heung-Min apologised to Everton midfielder Andre Gomes after scoring his first goal against Red Star Belgrade last night. Instead of celebrating after scoring, Son Heung-Min appeared to send an apology to André Gomes 💙 pic.twitter.com/scbRlFF3XT — ESPN FC (@ESPNFC) November 6, 2019 Spurs blew the Serbian Super Liga side away in their Group B Champions League clash to edge closer to the knockout stages, with the South Korean bagging a brace in the 4-0 win. Son decided against celebrating after scoring the opener, instead choosing to apologize to the Everton star with his gesture. The Tottenham

From Sportslens.com - Football News | Football Blog


          

Park Min-woo. Lee Jong-yeol   

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South Korea’s Park Min-woo, right, celebrates with first base coach Lee Jong-yeol after hitting an RBI single off Canada’s pitcher Dustin Molleken during the 9th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Park Min-woo   

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South Korea’s Park Min-woo hurls his bat after hitting an RBI single off Canada’s pitcher Dustin Molleken during the 9th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Dalton Pompey. Yang Ui-ji   

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Canada’s Dalton Pompey slides safe into home plate against South Korea’s catcher Yang Ui-ji on a hit from his teammate Wesley Darrell during the 8th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Christopher Leroux   

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Canada’s pitcher Christopher Leroux tags out South Korea’s Kim Hyun-soo near the first base during the 7th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Kim Jae-hwan   

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South Korea’s Kim Jae-hwan reacts after hitting a RBI double off Canada’s pitcher Christoper Leroux during the 6th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Kim Jae-hwan   

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South Korea’s Kim Jae-hwan hurls his bat after hitting an RBI double off Canada’s pitcher Christoper Leroux during the 6th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Lee Jung-ho   

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South Korea’s Lee Jung-ho hits a single off Canada’s pitcher Robert Zastryzny during the fourth inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Jordan Lennerton   

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Canada’s Jordan Lennerton hits a single off South Korea’s pitcher Kim Kwang-hyun during the 5th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Kim Kwang-hyun   

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South Korea’s pitcher Kim Kwang-hyun walks to the dugout against Canada during the 5th inning of the group C of the WBSC Premier12 2019 world baseball tournament at Gocheok Sky Dome in Seoul, South Korea, Thursday, Nov. 7, 2019. (AP Photo/Ahn Young-joon)

          

Suwon Hwaseong Fortress Theatre Festival   

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https://God.blue/splash.php?url=cf4rtN2wBmuTXL3h60cbaEPwFKpSydRhsv2b_PLUS_woZ9022gdxUzjIy3DRW5PAr_PLUS_27C_PLUS_Vu4OKWYpk_SLASH__PLUS_EEW632Po7M26_PLUS_RZE0Pcw8b2L9eOZoW1C1y0fY03yoc6WeaXDqz6v Estuvimos en Suwon Hwaseong Fortress Theatre Festival, South Korea. ¿Quieres ver qué pasó? Carros de Foc es la primera compañía de Alicante (España) invitada a participar en Suwon Hwaseong Fortress...

Más de este video →

La entrada Suwon Hwaseong Fortress Theatre Festival se publicó primero en Carros de Foc.


          

AmorePacific, South Korea's biggest beauty firm, is struggling   

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AmorePacific, South Korea's biggest beauty firm, is struggling

I street in a glitzy part of Seoul’s Gangnam district sits a sleek building covered in a shimmering grid of gold-effect metal. Inside the flagship store for Sulwhasoo, a luxury skincare line, looks less like a shop and more like a museum. Tiny $150 jars of face cream are backlit for effect; metal plaques next to miniature bowls of green tea and ginseng extol the wondrous properties of the ingredients. Upstairs, customers can book an eye-wateringly expensive facial or sip coffee on the roof terrace. A few streets away Dr. Jart, a brand aimed at younger women, woos them with talk of high-tech lotions. Monthly redecorations in line with themes like “sleep” or “staying cool in the heat”, and face masks in bright-coloured milkshake cups, with straws for home-mixing and lids depicting baby faces, are the main draw.

Welcome to the world of cosmetics as entertainment, which has attracted women (and a few men) around the globe to Korean beauty trends. “The element of fun distinguishes -beauty from more traditional European brands,” says Son Sung-min of the Korea Cosmetic Industry Institute, a government-sponsored body that aims to improve the industry’s global competitiveness. People started noticing that Korean celebrities appear to have good skin (never mind that most have also had plastic surgery). Aided by influencers on YouTube and Instagram, where young women in Europe and America look for trends, -beauty’s ten-step cleansing programmes, snail-slime facials and panda face masks are following in the footsteps of -pop and Korean barbecue as a global phenomenon. South Korean cosmetics exports quadrupled from $1.6bn to $6.3bn between 2014 and 2018.

You would, then, expect the country’s biggest cosmetics firm to be thriving. Yet AmorePacific Group (which owns Sulwhasoo and other brands) has struggled. Its sales, two-thirds of which are generated at home, with most of the rest from China, have not recovered since a Chinese boycott following the installation of an American missile-defence system in South Korea two years ago. Profitability has plunged, giving investors a black eye that even a panda mask cannot conceal (see chart).

Although the missile spat did not help AmorePacific, its other problems are self-inflicted. Most important, it was late to a shift in the market. South Korea’s cosmetics business, once dominated by own-brand shops and department stores, is increasingly about online sales and shops selling multiple brands. This benefits smaller, nimbler companies. Unlike , a sprawling conglomerate best known for electronics that is its main domestic competitor, AmorePacific may have relied too heavily on its mass-market products at the expense of the luxury segment, where margins are plusher.

Timothy Park, AmorePacific’s chief strategist, thinks it can catch up. Rather than -beauty, a term he dislikes partly owing to its pop associations, “the focus now is more on organic ingredients and -beauty,” he says, where the stands for Asian. Accordingly, the Sulwhasoo website is liberally slathered with mentions of “Asian wisdom” and “natural harmony”. The company has poured vast amounts of money into luxury-segment marketing in Asia, in the hope of improving competitiveness at home and in China. It is also hoping to expand farther afield; it recently opened Sulwhasoo outlets in Galeries Lafayette, a famed Parisian department store, and plans to establish a presence in 20 new countries over the next five years.

The dominance of local conglomerates will be hard to break in Europe and America, says Kim Ju-Duck of Sungshin Women’s University. Consumers there are familiar with -beauty trends but not yet its brands. In the short run success will hinge on Mr Park’s ability to convince Chinese consumers to pick his brands over those of or Japanese and European competitors like Shiseido or Estée Lauder, which have long dominated luxury cosmetics. Home-grown Chinese firms look set to hang on to the lower end of the market.

At home, meanwhile, a new challenger is emerging not in the form of upstart producers but the year-old “corset-free movement”. These women spurn make-up, long hair and tight clothes, and post pictures of crushed cosmetics and shorn locks on social media. AmorePacific will be hoping that this salvo against the prevailing ideal of Korean beauty will inflict less damage than the missile dispute. ■


          

SoftBank stock falls after terrible earnings report   

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Shares in SoftBank fell as much as 4% in Tokyo on Thursday after the company reported worse than expected losses for the third quarter.

Japan's broader Nikkei was mostly flat in afternoon trade. South Korea's Kospi Index declined 0.1%.

Hong Kong's Hang Seng Index edged down 0.4%, while China's Shanghai Composite fell 0.2%.

SoftBank reported operating losses of $6.5 billion after market close on Wednesday, weighed down by a massive hit to its tech fund. The Vision Fund has been hit by big losses in portfolio companies such as Uber and WeWork.

The stock recovered some of its losses by mid-morning Thursday and was last trading down about 2.5%.

SoftBank founder and CEO Masayoshi Son admitted he turned a "blind eye" to governance problems at WeWork, and said he learned a "harsh lesson" from the office sharing company's botched IPO attempt.

Bernstein analyst Chris Lane said in a research note Wednesday that Son's rescue package of WeWork "will vastly improve the return profile." He predicts that with better corporate governance and cost controls, WeWork "will turn cash flow positive in [about] 18 months."

Toyota, meanwhile, rose 0.9% in Tokyo after the company reported strong profits. The carmaker reported net profit of 1.27 trillion yen ($11.7 billion) for the first half of the year, a 2.6% increase over the same period last year.

In Hong Kong, shares in Hong Kong Exchanges and Clearing fell 0.5%.

The company, which operates the Hong Kong Stock Exchange, reported net profits of 2.2 billion Hong Kong dollars ($280 million) for the third quarter, slightly lower than market expectations. The exchange abandoned a bold, $37 billion bid to buy London's Stock Exchange last month.

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Do’s and Don’ts On Your Trip to South Korea   

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You’ve got countless reasons to fall in love with South Korea, the land of dramatic fall foliage, delicious samgyeopsal, and massive K-Pop phenomenon. But before your excitement takes you too far, know that South Korea has a deep respect for their culture. Locals will appreciate your effort as a traveler to learn and value Korean […]

The post Do’s and Don’ts On Your Trip to South Korea appeared first on KKday Blog.


          

Kudankulam cyber attack: North Korean hackers stole technology data   

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Suspected North Korean hackers stole technology-related data from the computers at Kudankulam Nuclear Power Plant. The cyber attackers, who deployed a malware designed for data theft, were backed by the North Korean government, said IssueMaker Labs, an expert group of malware analysts based in South Korea. “We have found that Nuclear Power Plant technology-related data […]

The post Kudankulam cyber attack: North Korean hackers stole technology data appeared first on Netive.


          

Abe, Moon Break Ice After Worst Japan-South Korea Fight in Years    

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Six weeks ago sentiment was skewing rather negatively towards the opinion that acrimonious disputes between neighbours like Japan and South Korea, the UK and EU and competitors like China and the USA were going to get worse, a lot worse. Today peace seems to be breaking out globally and that is removing a risk premium from markets.


          

Pearl Abyss Announces Three New Games: MMO Shooter, Collectible MMORPG, And Open-World MMORPG   

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Black Desert Online developer Pearl Abyss announced three new games that it currently has in development and will be revealed in more detail at G-Star 2019 in Busan, South Korea next week, on Thursday, Nov. 14. PLAN 8 is described as an “exosuit MMO shooter,” while DokeV is a “collectible MMORPG for all ages. The […]

Find more about Pearl Abyss Announces Three New Games: MMO Shooter, Collectible MMORPG, And Open-World MMORPG on MMOBomb


          

Ronan Manly: The power of gold in times of crisis   

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9:05p ET Tuesday, November 5, 2019

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly tonight details some of gold's great rescues in extreme political circumstances, from Vietnam to South Korea to Argentina to Venezuela and to Zimbabwe.

Manly's commentary is headlined "The Power of Gold in Times of Crisis" and it's posted at Bullion Star here:

https://God.blue/splash.php?url=uRhmaU2oZIEhYmlRZgKKrj60JypY6AxxuPDAAwQ9CAXJVcgO9o0Rzj0Dh4_SLASH_45tqbkIaSHJCgXWuaA3FBPgnfJZU7wqwUCyFU31w0K1IOC9miz5YgGXhxmjp9PkuTqwupV9vZq_PLUS_1Q67lHFS4VVop7ahtVqwsPUA1V4dc8K1eWooM_EQUALS_...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

Great Bear Drills New Near-Surface High-Grade 'Yauro Zone' Discovery at Dixie:
10.32 g/t Gold Over 18.20 m, 5.60 g/t Gold Over 25.25 m, and 16.60 g/t Gold Over 6.00 m

Company Announcement
Wednesday, October 30, 2019

VANCOUVER, British Columbia, Canada -– Great Bear Resources Ltd. (TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000-metre drill program at its 100%-owned Dixie project in the Red Lake district of Ontario.

Three new gold discoveries have been made and drill results disclosed in this announcement are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault. ...

Results include: 32 g/t gold over 2.65 metres and 21.33 g/t gold over 3.30 metres, within a wider interval of 5.14 g/t gold over 37.40 metres; 30.66 g/t gold over 3.45 metres, within a wider interval of 5.60 g/t gold over 25.25 metres; and 35.96 g/t gold over 1.73 metres, within a wider interval of 2.01 g/t gold over 66.20 metres. ...

... For the remainder of the announcement:

https://God.blue/splash.php?url=V0qsWbRLD4TtI7oD5vLylEibEMiGT_SLASH_4lU_SLASH_Mf0TVfIWJZgy7Gb4V42ZT0leMqaEOs3aZBDYvGVlPfRuCPPawYgmIt8ksZSHgMtYycFWbh2Fe0ZpDfDGi3NrelQLWKIT_SLASH_3AZp0vliM1Pri9trhl78M1XcfrUIbqYoiqkdbT_SLASH_s7KE4_EQUALS_-...


Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

https://God.blue/splash.php?url=14roqjKOqgzakiYJ6ewEcO9dtbPDRXz_PLUS_s6x7aaK9Hrso3_SLASH_3zIZ0EGUjyesYxwbqrmoTPjdcmujx2q93WUF3Xdt1GP_SLASH_xSXPwfc9K9xlqF0Cw_EQUALS_

To contribute to GATA, please visit:

https://God.blue/splash.php?url=14roqjKOqgzakiYJ6ewEcO9dtbPDRXz_PLUS_s6x7aaK9Hrso3_SLASH_3zIZ0EGUjyesYxwbqrmoTPjdcmujx2q93WUF3Xdt1GP_SLASH_xSXPwfc9K9xlqF0Cw_EQUALS_/node/16


          

Seoul deports two men to North Korea for murdering 16 fishermen   

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In an extremely unusual case, South Korea on Thursday deported two North Koreans after finding out they killed 16 fellow crew members on their boat then fled to South Korean waters, Seoul officials said.The two men in their 20s were sent back to the North through the truce village of Panmunjom on the border.“The government has decided to deport them as they have committed a heinous crime. They cannot be treated as refugees under international laws,” ministry spokesman Lee Sang-min said. “They…

          

South Korean couples are breaking up over feminist film Kim Ji-young, Born 1982. Why?   

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It was date night for Han Ah-eum. The 27-year-old office worker and her boyfriend decided to catch a screening of Kim Ji-young, Born 1982, South Korea’s critically acclaimed drama and box office hit about a woman who becomes a stay-at-home mother.She did not expect to find herself in an argument with her partner afterwards.“My boyfriend said he wondered if his mother and aunts had faced such struggles,” Han said.“He also thought the main character’s husband was unrealistically perfect because…

          

ANZ on board for Epik's NSW LNG terminal   

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ANZ on board for Epik's NSW LNG terminal

South Korean outlier edging ahead 


          

Hyundai campaign to demonstrate automaker's commitment to future of mobility    

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Hyundai Nexo ad

Hyundai Motor Co. hoping to get its mobility message across to consumers? There's an ad for that.

The South Korean automaker is getting creative in how it demonstrates its vision for the future of mobility to everyday drivers.

Tuesday the company released five commercials as part of its #BecauseofYou campaign to demonstrate its recommitment to micromobility and autonomous, fuel-cell and robotics technologies.

The spots were meant to spur real-life connections between people and Hyundai's mobility offerings and illustrate the ways the automaker's mobility offerings "empower people to pursue their passions," according to a statement.

"Hyundai Motor will continue to communicate its vision of prioritizing progress for humanity, and help make real-life connections and deliver meaningful experiences for our customers," Wonhong Cho, chief marketing officer of Hyundai, said in the statement.

Four of the videos illustrate how Hyundai vehicles fit into the mobility landscape in major cities: Chongqing, China; Amsterdam; Seoul; and Los Angeles.

The Amsterdam video shows a worker operating a Nexo fuel-cell crossover that parks itself and a Hyundai "last mile" electric scooter. The Seoul-themed clip shows a para-athlete using Hyundai's robotics technology, and the Los Angeles-centered video displays more of Hyundai's autonomous technology. The Chongqing video shows the Nexo plugged in, "powering" a mother-daughter moment.

The final video summarizes these four storylines into the ways people can "overcome the boundaries of time and space to enhance the quality of their experiences" using Hyundai technology.

Much like most other major automakers, Hyundai has been upping its investments and partnerships in mobility, especially autonomy. The automaker's recent joint venture reveal with automotive technology supplier Aptiv will advance the companies' development of Level 4 and 5 technologies.

--Alexa St. John


          

Europa parlament Dokumente delegationen: General documents - 21st EU-Republic of Korea Inter-Parliamentary Meeting, Brussels, 4 November 2019 - Delegation for relations with the Korean Peninsula   

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21st EU-Republic of Korea (RoK) Interparliamentary Meeting (IPM)

A South Korean delegation from the National Assembly along with its Ambassador had a fruitful two-day visit in Brussels on the occasion of the 21st Inter- Parliamentary Meeting.

Weiterlesen


          

BWorld 380, Prosperity and demography in Asia   

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* My article in BusinessWorld last October 24, 2019.


“The man of system… is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it.”

— Adam Smith,
Theory of Moral Sentiments (1759), Part VI, Section II, Chap. II.

SINGAPORE — I came here to be one of the speakers in a forum on “Intellectual Property Rights and Economic Growth” organized by the Adam Smith Center, a new independent think tank headed by a young and dynamic leader Bryan Cheang. The event was held at the Singapore Management University (SMU) School of Law.

In my presentation on “Importance of Brands and Government Policy,” I used that quote from Adam Smith, the father of market economics, to highlight the fact that too much central planning and over-reaching regulations and prohibitions by governments are wrong, that they invite the law of unintended consequences.

The other speakers in the forum were Lorenzo Montanari of the Property Rights Alliance (PRA), Dr. Sary Levy-Carciente, author of the International Property Rights Index (IPRI) 2019, and Dr. Linda Low of the Singapore University of Social Sciences (SUSS) School of Business. Dr. Chandran Kukathas, Dean of the School of Social Sciences of SMU gave the welcome message.

Among the things that Dr. Low discussed in her presentation was their ageing population and the rise of migrant workers from neighbor Asia engaged in “3D” work — dirty, dangerous, demeaning — that the locals are not inclined to take.

Having an ageing population when the economy is already prosperous and developed would invite cultural and fiscal problems someday. Who will take care of the many old and retired people when their children and grandchildren are busy in work or school, like changing adult diapers — robots or migrant health workers?

I checked data for age dependency of young people — the higher the number, the better for a future “army” of workers and entrepreneurs and hence, for economic growth — and here is what I got. (See Table 1.)
  
True enough, in our hotel here, while the concierge staff are young Singaporeans and some Filipinos, many in the restaurant are locals looking to be in their 40s to 60s. The room cleaners are young migrants perhaps from Indonesia, India, and Bangladesh.

Past policies of high government intervention in family planning can backfire today or tomorrow. And this reminds me again of state-sponsored and taxpayers-funded population control measures under the controversial RH Law of the Philippines. If it was a good idea, it would not require legislation and rely on civil society voluntary funding (like Gawad Kalinga, Rotary Homes, Books for the Barrios, etc.) but because it was a bad idea, it needed legislation to coerce more taxpayers funding.

One noticeable thing in highly developed economies like Singapore is the seeming absence of many informal enterprises that compete with the formal sector. Thus, the sidewalks are really wide and clean, with no ambulant vendors that spring up from anywhere and often impede the paths of pedestrians or cars.

One interesting bit of data I came across while I was scrolling the World Bank database is competition by unregistered firms (see Table 2). Hong Kong, Japan, South Korea, and Singapore have no data, so either they cannot get reliable data, or all firms there are registered.


And this further shows one result of too much business regulation by governments, especially by socialist ones like China, Vietnam, and Laos. India’s constitution also declares itself as socialist.

The Philippines’ three new laws — Ease of Doing Business (EODB), Anti-Red Tape, and One Person Corporation — would encourage more Philippine entrepreneurs to go formal while restricting the grubby hands of corrupt bureaucrats from prolonging the agony of business registration and renewal of permits to solicit extortion and bribes. Kudos to the Department of Trade and Industry and Secretary Ramon Lopez for leading these reforms.

We need more economic reforms like even lower personal and corporate income taxes. The ASEAN Economic Community has unleashed tax competition among member countries to attract more investors from the region and rest of the world.
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BWorld 379, Energy security and fast growth   

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* This is my paper in BusinessWorld last October 22, 2019.


KUALA LUMPUR — I came to the capital city of Malaysia to speak at the Liberalism Conference of the Institute for Democracy and Economic Affairs (IDEAS) last Saturday, along with the launching of the International Property Rights Index (IPRI) 2019 by the Property Rights Alliance.

Whenever I go abroad I always observe how high or low the energy use is of the cities that I visit. It is obvious that energy use here in Kuala Lumpur is high — streets, tollways, buildings and other structures are well lit at night, there are many MRT, LRT, and Monorail (running on electricity) trips per hour and the MRT/LRT stations underground are well lit and air-conditioned.

Malaysia has only 32 million people and its total electricity generation in 2018 was 168 tera-watt hours (TWH). In contrast, the Philippines has 108 million people and its electricity generation last year was only 100 TWH. Malaysia depends largely on natural gas plus coal (65 + 68 TWH) for power generation and this energy mix is similar to Japan’s.

I revisit two data sets that I put in my two recent energy columns here. Again, data on coal consumption in million tons oil equivalent (mtoe) is from the BP Statistical Review of World Energy (June 2019), data on population and GDP growth are from the World Bank, World Development Indicators database (August 2019). Dividing coal consumption over population, the kilos of oil equivalent (koe) per capita is derived. Growth rates in coal use and GDP are averaged per 10 years.

  
Three trends and facts emerge from the numbers in the table.
  
One, countries with high consumption of cheaper energy like coal, represented by their high coal koe per capita, also have higher income — Australia, South Korea, Taiwan, China, Japan, and Malaysia.

Two, the Philippines has the lowest, the smallest coal consumption among the major and emerging Asian economies — only 153 koe per person in 2018. Only one-fourth of Malaysia, one-sixth of Japan, one-ninth of China, and only 1/11 of South Korea and greenie Australia. Hong Kong’s per capita was 662 in 1998 and 837 in 2018 while Singapore’s was 0 in 1998 and 163 in 2018 or slightly higher than the Philippines. And the anti-coal groups and people in the Philippines say that ours is already high and scary that we should stop building new coal plants and retire soon existing ones? Lousy and idiotic argument.

Three, there is clear correlation between growth in cheap energy coal consumption and growth in GDP, at least for the countries covered above. Australia, Japan, and South Korea decelerated coal use from 2006 to 2018 and they also experienced growth deceleration. Malaysia, Vietnam, India, Indonesia, and the Philippines retained their high coal use and they also retained their high GDP growth.

While most anti-coal groups are watermelon (green outside, red inside) activists, some are outrightly pushing for their natural gas business. Demonize coal, prevent the construction of more coal plants so that the big distribution utilities and electric cooperatives will be forced to buy from their soon imported and more expensive LNG power to prevent massive blackouts in the country due to insufficient power supply.

Again, climate change is cyclical and natural, the warming-cooling cycle having been going on since planet Earth was born some 4.6 billion years ago. This is nature-made global warming and global cooling, not man-made or anthropogenic. The deceptive and dishonest “man-made” Climate Change narrative is part of global and national corruption to justify endless and rising oil/carbon taxes, renewables subsidies, climate loans, climate bureaucracies, and junkets.

We need more energy security to sustain fast economic growth and job creation. Cheap, stable and reliable energy that is dispatchable on demand, requires less land per MW of power generation. It is not dependent on the weather and requiring huge tracts of land that can otherwise be used for more food production and forest protection.
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BWorld 375, Property rights and agrarian lefts   

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* My article in BusinessWorld on October 08, 2019.


“CARP has instead effected a massive de-formalization of agriculture! Time to allow agriculture to march out of the informal into the formal sector. It is time, in other words, to stop redistributing poverty!”

— Dr. Raul Fabella, “CARP: Time to Let Go,” 
UPSE Discussion Paper 2014-02, February 2014

Unlike agrarian reform in Japan, South Korea, and Taiwan that lasted only for several years before forced land redistribution was halted, the Philippines’ agrarian reform is endless, with no timetable — a forever program.

Former President Marcos declared his own agrarian reform in 1972 and when he was ousted, former President Cory Aquino implemented another version, the Comprehensive Agrarian Reform Program (CARP, RA 6657, June 1988). CARP should have ended by 1998 but it was extended under RA 9700 (August 2009). So from 1972 to 2019, there have bee 47 years of agrarian reform and there is no plan to end it.

Endless agrarian reform is wrong because it creates endless business uncertainty in two sectors, agribusiness and mass housing programs.

First, an agribusiness person develops an idle or ugly piece of land into a productive, revenue-earning fruit orchard. Rural jobs are created, food production is expanded, and that is also where the Department of Agrarian Reform (DAR) can come, knock on the person’s door to inform him/her that the land will soon be forcibly distributed to the workers. And this contributes to why many rural areas remain planted to traditional low-value crops.

Second, real estate developers endure many years of waiting for the DAR to approve land conversion from agricultural to mass housing projects.

I spoke with Jeffrey Ng, a fellow alumni of the UP School of Economics (UPSE) and President of our UPSE Alumni Association. He is also the Chairman of the Subdivision and Housing Developers Association (SHDA). Jeff said that they have to “get approval from National Irrigation Administration, Philippine Coconut Authority, Sugar Regulatory Administration, then the Department of Agriculture itself. Only then can we apply for actual conversion with DAR. After which comes LGUs, DENR (Department of Environment and Natural Resources) and HLURB (Housing and Land Use Regulatory Board). All these delays cost money and interest, which unnecessarily raises the cost of socialized and mass housing projects.”

President Rodrigo Duterte has ordered that this entire land conversion process should not take more than 30 days. Jeff said that it can be done if all these government agencies and departments will put up a one-stop shop under the new Department of Human Settlements and Urban Development.

Some 6.5 million Filipino families do not own a house yet, so the supply of buildable land for affordable mass housing should increase. And DAR and endless agrarian reform is part of the problem. This is agrarian and property leftism.

Related to this is the low score and global ranking of the Philippines in property rights protection like land. Small- and medium-size landowners are unsure if they can continue ownership and control of their land in the next 10 or 20 years.

In the International Property Rights Index (IPRI), an annual study by the Property Rights Alliance (PRA, Washington DC), the Philippines ranks low. The index is composed of three components: Legal and Political Environment (LPE), Physical Property Rights (PPR) and Intellectual Property Rights (IPR). LPE has four sub-components, IPR has three, and PPR also has three — Protection of physical property, Registering property, and Ease of access to loans.

In overall IPRI, the Philippines ranked 77th out of 118 economies in the 2010 Report, improved to 70th out of 125 economies in the 2018 report. In PPR, the Philippines has significantly improved over these years, ranked 80th in the 2010 Report and 63rd in the 2018 Report (See Table).
  


IPRI 2019 will be launched on Oct. 16 at Fairmont Hotel. How will the Philippines rank then, both in IPRI overall and PPR?

Report author, Dr. Sary Levy-Carciente, an economist from the Universidad Central de Venezuela, and a Fulbright Visiting Scholar at Boston University, Center of Polymer Studies, will come to discuss the report. PRA Executive Director Lorenzo Montanari will accompany her. The local partners of this event are the Foundation for Economic Freedom (FEF) and Minimal Government Thinkers.

The words of Dr. Fabella, a National Scientist, my former teacher, and our former Dean of UPSE, should be heeded by legislators and the administration, to finally end the endless forced redistribution of private lands.
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BWorld 372, Energy leftism will plunge the Philippines into darkness   

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* My column in BusinessWorld last September 26, 2019.


The continuing anti-coal paranoia of many leftist political groups and greenie environmentalists is largely based on emotion and alarmism, far away from reason and energy realism. And based on watermelon activism — green on the outside, red on the inside.

I constructed this table below to show why I said this. The data on coal consumption in million tons oil equivalent (mtoe) is from the BP Statistical Review of World Energy (June 2019), the data on population is from the IMF World Economic Outlook database (April 2019). Simply dividing coal consumption over population we can derive the kilos of oil equivalent (koe) per capita. (See Table 1).


Does the Philippines’ coal consumption of only 153 koe per person in 2018 appear to be “too scary, too Frankensteinin,” that the country should limit — if not stop building — new coal plants and phase out old coal plants? If it is too scary, then how would the watermelon activists call the coal consumption per capita of Australia, South Korea, Taiwan, and China which are nine times to 11 times larger than the Philippines’ — horribly Frankensteinly scary?

Aside from the mythical claim that the Philippines already has big coal power capacity, another dishonest claim by the paranoid anti-coal groups is that coal power will only produce more expensive prices as “stranded costs” that the consumers have to pay for decades. Far out.

The biggest private distribution utility in the country, Meralco, has successfully conducted a Competitive Selection Process (CSP) bidding and got contracts for 1,200 MW of baseload (power plants running 24/7) power with the following all-in prices, VAT inclusive: South Premiere Power for 670 MW, P4.93/kWh; San Miguel Energy for 330 MW, same P4.93/kWh, and PHINMA Energy 200 MW, P4.88/kWh.

Two things are notable about these future fixed generation prices: One, they are cheaper than recent generation charges by the company which were P5+ per kwh. (See Table 2) 


And two, coal prices would go up further in 2020 and beyond because of the higher excise tax on coal under the TRAIN law, from P10/ton to P50/ton in 2018, P100/ton in 2019, and P150/ton in 2020. And yet future prices of coal power for electricity will go down to below P5/kWh.

Another group of energy leftists rallied to oppose the 1,200-MW Atimonan One power plant because it is a coal plant. Going back to Table 1 as previously mentioned, we have very little coal power consumption despite having zero nuke power, little natgas power from the ageing Malampaya gas field, and ageing hydro, geothermal, and coal plants. If the lefties succeed in opposing new coal plants, we are courting a scenario of frequent blackouts in the coming years.

The anti-coal groups and activists can only mouth slogans and emotional statements, not facts-based research. They should not brag in their lousy and emotional campaigns, they should be ashamed instead because they are dragging the country towards darkness and frequent blackouts, of less power reserves but more political noise.
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Mapping the Stage Differently: Theatre #MeToo Movement and Internet Culture in South Korea    

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Image description: Text in Korean on notebook

Image description: Text in Korean on notebook. Author's Facebook post in 2017. Source:Soo Ryon Yoon

Me Too movement in South Korea has exploded since 2018 with prosecutor Seo Ji Hyun’s interview on major news network JTBC. She testified against her superior and senior prosecutor, Ahn Tae-geun, who had sexually assaulted her in public.[1] Her interview was powerful not only because of her intrepidity to expose her own perpetrator; it was her uncovering of how the Supreme Prosecutors’ Office of the Republic of Korea, the towering presence that has a significant impact on the South Korean legal and judicial system, was trying to cover up the assault case and then retaliate against Seo by demoting her.[2]

Seo’s interview resonated powerfully, especially with those of who had been under the impression that women in the upper echelon of the society, especially a prosecutor, would be relatively more safe from sexual violence in the workplace. As was somewhat expected, a series of other high profile sexual harassment and assault cases both in and beyond the political offices and government bodies would soon follow, similar to the way in which #MeToo had started a chain of reactions in the US where the hashtag movement first became mainstream. Seo’s interview, however, prompted a series of posts shared on Facebook and other online platforms against sexual assault perpetrators by an unexpected group of people amidst the explosion of high-profile Me Too cases: theatre actors.

As was somewhat expected, a series of other high profile sexual harassment and assault cases both in and beyond the political offices and government bodies would soon follow, similar to the way in which #MeToo had started a chain of reactions in the US where the hashtag movement first became mainstream.

The fact that theatre actors’ Facebook posts were met with a complete surprise and that they sent a shock wave throughout the entire nation is partly shaped by the general public’s skewed perception: somehow, theatre as an artistic genre and a form of community is considered to be detached from the real world, and that theatre world has just recently come to reckon with its own history of sexual violence only after the initial #MeToo circulation. This stereotype, or what one might call antitheatrical prejudice, tends to treat theatre as exceptional space and overlooks the fact that theatre actors have had to deal with sexual violence, but only internally due to the potentially fatal risks associated with speaking out. This prejudice has had an impact on performing arts not just in South Korea but globally. As a result, theatre actors’ efforts to bring justice to the field of performing arts received widespread media coverage.

However, how online and digital cultural practices have enriched, if not enabled, the movement deserves more attention. Describing what could only be considered as decades-long serial rape and sexual harassment cases, several actors chimed in on Seo Ji-hyun’s interview by publicly posting on Facebook and one of the biggest South Korean online forums DC Inside about their own experiences with artistic directors and producers Lee Youn-taek, Yoon Ho-jin, Oh Taeseok and Ha Yong-bu, to name a few. These internationally acclaimed artists, whose works focus on nationalized decolonial theatre-making by adapting and rewriting well known dramatic canons of Shakespeare and other European playwrights, have been much studied and praised in South Korea and abroad in the field of performing arts and regarded as champions of theatre innovation.[3] The actors’ posts struck many readers as shocking, not simply for the fact of sexual assault perpetrated by respectable artists, but more because the entire performing arts industry had been able to normalise rape culture for as long as several decades.

What has partly shaped this normalisation is that performing arts troupes in South Korea often function like a tightly-knit clan or a closed network of fictive kinship (many of the accused artists were leaders of theatre collectives and communes, where they would live, train and rehearse with actors for months in preparation for large scale productions and international tours), where leading male directors are regarded as “masters” and father figures to young actors and directors in training. This hierarchical relationship relies on a constant performance of intimacy and emotional labour, often sustained by what is infamously known as gapjil, bullying and intimidation by someone who abuses their power and privilege, and wiryeok, a form of power that one may wield using their position especially in a workplace. Unwanted physical contact, verbal abuse and sexualisation of actors have been tolerated and inherited from a generation of theatre-makers to another all under the guise of teaching theatre methods, practising pedagogic relationality, and building a stronger community.[4]

This hierarchical relationship relies on a constant performance of intimacy and emotional labour, often sustained by what is infamously known as gapjil, bullying and intimidation by someone who abuses their power and privilege, and wiryeok, a form of power that one may wield using their position especially in a workplace.

Theatre actors are also bound by the legal hurdles and risks specific to the South Korean context, which often act as a silencing mechanism for victims, activists and whistleblowers. Some point out that the cartel-like culture amongst powerful perpetrators, like that of the theatre community, feeds on the gaps in the existing legal and institutional structure. For instance, sexual offenders have used a defamation and libel suit to retaliate against victims, who may then feel the pressure to retract their statement or drop an ongoing lawsuit. The withdrawal potentially affects the accusing victims adversely, for the offender can then file a criminal complaint against them for having made a false statement in the first place. Thus, anti-sexual violence activists and legal experts criticize the relative convenience and expediency in bringing a defamation suit against accusing victims. For example, an offender may simply submit a screenshot of texts on a social media platform posted by an accusing victim as a piece of evidence of defamation. In such a case, victims will be summoned by the police to “disprove” the offender’s claim. Compared to this, accusing victims must often endure a long, arduous and often traumatizing process, at various levels of which they must rehearse their statement of experiences and details of sexual assault over and over again until they are proven truthful enough.

#MeToo movement in South Korea has thus brought the public’s attention to the vague expressions in the existing Article 307 of the Criminal Law, and many have called for a revision of the article to protect sexual assault victims against further victimization and legal liability. The existing clauses may as well be abused to mean that simply making public statements about the “facts” of sexual assault will constitute a criminal offence. Indeed, defamation suits were swiftly filed against activists and victims in high-profile #MeToo cases involving Kim Ki-duk, internationally acclaimed and award-winning film director, and Ko Un, poet and Nobel Prize front runner. The court found that their defamation complaints had no grounds, and both Kim and Ko lost their cases. However, cases like these have a long-lasting impact, which continues to haunt not just the victims but also the involved activists, journalists and lawyers. Anti-sexual violence activist groups and victims in the arts now demand that the Ministry of Culture, Sports and Tourism implement measures to protect and support sexual assault victims threatened with legal actions.

While the theatre Me Too movement gained traction thanks to the wave of support through successful albeit difficult legal battles and anti-sexual violence public discourse, there has been little to no serious attention paid to how digital culture and its practices actually affected and enabled the movement beyond the more general impact of the #MeToo circulation, with regard to the theatre Me Too movement and the broader anti-sexual violence movement online. To be sure, hashtag activism like the #MeToo movement is not without its own limits, especially considering its potentially colonising effect. At times, it seems to undermine and flatten out complex and nuanced discussions within an ongoing political discourse unique to a local context, and capitalises on what Khoja-Moolji calls the “affective intensities” that often rely on outdated and hegemonic understandings of survivors and various agents involved (such as the young women in the Nigerian Boko Haram kidnapping case, the concerns around which were shared through #BringBackOurGirls).[5]

To be sure, hashtag activism like the #MeToo movement is not without its own limits, especially considering its potentially colonising effect.

Nevertheless, it is equally important to recognise that, in the South Korean context, #MeToo also builds upon and is in dialogue with ongoing uses of hashtags such as #연극계_내_성폭력 (“#sexualviolenceintheatre”) or #예술계_내_성폭력 (“sexualviolenceinthearts”), which had been circulating since 2016, predating Seo Ji Hyun’s interview and the actors’ public posts.[6] This calls for more engaged and digital culture-specific discussions around how #MeToo, in return, has had an impact on the existing online spaces where other forms of hashtagging were already calling out perpetrators and various fields of the arts and culture in 2016.[7] Some of these hashtags include #__내 성폭력 (“#sexualviolencein___”), which Facebook and Twitter users filled with “literature,” “filmmaking,” “dance” and so on.[8] Facebook users like myself participated in a “relay tagging,” or what is more widely known as a hashtag challenge, to call attention to sexual violence in South Korean literature and publishing industry by using #참고문헌없음 (“#withnoreferences”) and #문단_내_성폭력(“sexualviolenceinliteraryworld”) in 2017. The hashtag was in reference to the women writers’ refusal to be part of the tradition and legacy of the literary world dominated by male writers and their normalisation of sexual violence within literary circles. The campaign was initiated by women writers, who contributed to an anthology, <참고문헌 없음> (With No Reference) as a result of this hashtag movement.[Fig1] The anthology was funded through a crowdfunding campaign, which collected over sixty million Korean won (the equivalent of sixty thousand U.S. dollars) from over two thousand donors.

genderit_yoon_fig1.jpg

 Screenshot of Facebook post

Figure 1. My Facebook post in 2017, where I tagged friends to join the #withnoreferences campaign

Taking this context into consideration, what I suggest here is that the long-term, sustained online cultural practices by the theatre fandom have given much-needed support and momentum for the theatre actors in the 2018 Me Too movement. At the same time, the theatre Me Too movement has, in turn, prompted the fandom to renew their interests in and sense of belonging to the field of performing arts. These have evolved into a series of collective actions that demand more accountability and self-reflexivity from both theatre-makers and audiences.[9] This dialogue between various old, new, and extant online communities of people also signals a new way of producing, sharing, disseminating and archiving knowledge of sexual violence in performing arts, in which “insider knowledge” and the interior workings of the artistic prerogative of the select few “masters” have always remained somewhat opaque to a general audience. For example, the theatre Me Too movement was unique in that the fandom mobilised theatregoers primarily on online platforms and fan forums to boycott productions staged by the accused directors. They then expanded this and took to streets to stage sit-ins, rallies and audience-led post-show gatherings, during which they used a hashtag, #With_You, as a response to #MeToo.

Theatre and Musical Gallery (연극뮤지컬갤러리), a public subgroup within the popular online forum DC Inside, played an especially crucial role in helping both actors and fans’ interests and concerns coalesce. DC Inside, which originally opened in 1999 as an online forum where users exchanged information about digital cameras (hence the name, “DC”), has produced a wide array of subcultures and grown to host around two thousand open boards, or “galleries,” where users discuss topics ranging from cars to K-pop idols to current political affairs. Despite the rampant culture of misogyny and radical right-wing politics within DC Inside, Theatre and Musical Gallery remains to be a rich deposit of news clippings, video documentations, diverse user remarks and survivors’ accounts of sexual assault cases posted and compiled by the frequent posters. The site was a place where, in addition to Facebook and Twitter, a number of actors and university students majoring in acting came forward to call out their teachers, directors, playwrights, choreographers and senior members of performing arts troupes. Theatre and Musical Gallery and the theatre Me Too movement erupted into what could be considered a unique way of sharing narratives of and assembling fragmented information about gender and sexual politics in performing arts.

Theatre and Musical Gallery and the theatre Me Too movement erupted into what could be considered a unique way of sharing narratives of and assembling fragmented information about gender and sexual politics in performing arts.

These instances partly illustrate how both online cultures and “offline” mobilization continue to synergize one another. Rather than understanding online data to be simply feeding the “offline” movement or merely mirroring what happens physically “on site,” online communities and digital cultural practices associated with the theatre Me Too movement show us how a new network of previously disparate individuals can emerge, connecting feminist activists, legal experts, theatre actors and theatre audiences together. This also calls for an initiative to theorize how the linkage between online cultural practices, discursive circulation, theatre stage and pre-existing activism is sustained or challenged in an unexpected direction compared to the non-North American and non-European context, where consent, theatre-making and terms of labour conditions may be defined and applied very differently.[10] A case in point is also demonstrated by one of the theatre Me Too survivors, Park Younghee, who wrote that the theatre Me Too movement, which had started with a series of separate, individual survivor stories online, quickly grew to help form a group of twenty-three plaintiffs and a coalition of legal and academic experts who brought down Lee Yountaek in a legal battle.[11]

These initial cases of online mobilization and hashtag circulation have also resulted in Theater with You, an online coalition of theatre actors against sexual violence on Facebook, which organizes online petitions, seminars, workshops, press conferences and group visits to trial hearings to name a few of its various activities. One of its achievements is its online distribution of a handbook about how to challenge and survive an exploitative situation on stage, in rehearsals, in practice spaces and on backstage as actors or junior staff members. Modelled after the Chicago Theatre Standards (CTS) and the hashtag campaign, #NotInOurHouse, the handbook becomes a toolkit for actors and creative staff to imagine and map a creative space that protects and allows for a more ethical and democratic relationship among the theatre community as a whole. Despite how some of the mainstream think pieces characterize the Me Too movement as having only just arrived in South Korea, the sustained engagement of the actors, activists and theatre fandom with a series of culture-specific online practices, online community spaces and offline mobilizing urges us to reconsider the ways that the Me Too movement maps a different geography in the South Korean context.

Despite how some of the mainstream think pieces characterize the Me Too movement as having only just arrived in South Korea, the sustained engagement of the actors, activists and theatre fandom with a series of culture-specific online practices, online community spaces and offline mobilizing urges us to reconsider the ways that the Me Too movement maps a different geography in the South Korean context. 

 

 


[1] I refer to both the hashtag (#MeToo) as a circulating reference point, and the label “Me Too movement” to specifically recognise the local context, in which protests as well as legal and political acts have been part of mitu undong (미투운동 The Me Too movement) in South Korea.

 

[2] This piece follows the Korean naming convention, in which the last name comes first, followed by the first name.

 

[3] See, for example, Global Shakespeares: Video and performance archive. https://God.blue/splash.php?url=MvoSS2pRcN0qJakUdjUI88V7_SLASH_e9_SLASH_RYcXjOdk0upKz9swJ4PWncJuFhHP_SLASH_G94G1NwUyO1OLnVtdm8eDApeEOjSGot98Tc73nXy11pHLNE6Nskxp_PLUS_NWSuRwqO9lkSMZ_PLUS_7QE2y8H_PLUS_mCH79LwXuNaSMvNQ_EQUALS__EQUALS_; Lee, H. (2015). Performing the Nation in Global Korea: Transnational Theatre. Basingstoke: Palgrave Macmillan; Modern Korean theatre. In K. J. Wetmore, Jr., S. Liu, & E. B. Mee (Eds.), Modern Asian Theatre and Performance 1900-2000. London; New York: Bloomsbury.

 

[4] Lee Youn-taek, the internationally renowned theatre artist and sexual assault perpetrator who led theatre company Yeonheedan georipae (Yeonhee Street Theatre Troupe) and theatre commune Milyang Theatre Village, reportedly said that he was being punished for doing what the theatre world had always considered its tradition, and that the general public did not seem to understand the prerogative of theatre artists.

 

[5] Khoja-Moolji, S. (2015). Becoming an ‘intimate publics’: Exploring the affective intensities of hashtag feminism. Feminist Media Studies, 15(2), 347-50. See also https://God.blue/splash.php?url=HEXm2v4g3fTPla4k_SLASH_u3E1vVPn9vu7tlI5TPBZw0T1SfGo8sbXC_PLUS_W6f3YDlq29q3yjXaatU_SLASH_xGk_PLUS_gPFpYajRauqnie_SLASH_c2UyJh5J34FCO_SLASH_XN361ETpwkuvUQwIzUXSHd6v.

 

[6] See also, Kim, M. (2017, 28 April). 가해자가 기록한 #예술계_내_성폭력 (#Sexualviolenceinthearts documented by a perpetrator). 문화플러스서울 (Culture plus Seoul). https://God.blue/splash.php?url=GM2ZgFdO_PLUS__SLASH__PLUS__SLASH_Y8_PLUS_joPqUGTG3fTyvuFQ16qRRa8nuB9y3gcF7HHeMS_SLASH_f0UYOslcL3rQKNG34SOg6ImyXOMDVZCmorn5uNRc4GBAPKgeiXNpI_EQUALS_

 

[7] The phrase itself had been introduced by Tarana Burke in 2006 on MySpace before it spread globally in a hashtag form primarily prompted by the women who spoke out against Hollywood producer Harvey Weinstein in 2017. See Abby Ohlheiser, “The woman behind ‘Me Too’ knew the power of the phrase when she created it - 10 years ago.” The Washington Post 19 October 2017.

 

[8] Kim, B., & Kim, B (Eds.) (2019). 그것은 연기가 아니라 성폭력입니다 (It is not acting; it is sexual violence). 스스로 해일이 된 여자들 (Women who have become tidal waves). 서울(Seoul): 서해문집(Seohaemunjip). 128-51.

 

[9] Recent studies on the uses of hashtags in online feminist activism and progressive social activism commonly point out how the personal/private narratives of survivors of sexual assault and workplace harassment have taken to online where their voices are amplified, and where they can share the sense of solidarity with a mass group of sympathetic yet anonymous users. See 김효인 Kim, H. (2017). SNS 해시태그를 통해 본 여성들의 저항 실천 - ‘#00_내_성폭력’ 분석을 중심으로 (Women’s resistance action seen through SNS hashtags -- Focusing on ‘sexual violence in 00’”). 미디어, 젠더 & 문화 (Media, Gender, and Culture), 32(4), 5-70; 김희정 Kim, H. (2016). 우리는 모두 ‘사건’에 응답해야 한다 -- ‘00 내 성폭력’ 해시태그 운동에 부쳐 (We all have to respond to the ‘incident’ -- on ‘sexual violence in 00’ hashtag campaign). 진보평론 (The Radical Review), 70, 278-88; 조서연 Cho, S. (2016). 남성 연대의 구성과 균열 - 성폭력 폭로 해시태그와 박근혜, 최순실 게이트에 부쳐 (Construction and fissures in male solidarity – on anti-sexual violence hashtags and the Park Geun-hye-Choi Soon-sil scandal). 문학과 사회 (Literature and Society), 29(4), 35-49.

 

[10] See the forthcoming issue of Performance Paradigm, in which co-editors Caroline Wake and Emma Willis critique how research on feminism of the Southern Hemisphere in theatre and performance studies has provided “raw data” to the studies in “metropole,” notwithstanding the continued regional differences as well as consistent efforts to theorize feminist theatre and performance. https://God.blue/splash.php?url=59iBQ8XyXZ8BtEzSH_PLUS_s1qaw4a8wGiMX8nS0h4j6Cr4njhwncEJ5ExXv33HxVrbJaY4AE5hyhehsWcrt_PLUS_Ir8_SLASH_gLf9vpV72YqYspe9vjg_PLUS__SLASH_Lf_SLASH_sZPUn02W2E608Hi163oAF_SLASH_AfgnxHclXRLANuG_SLASH_Vw9HtYJuXdjYtXIgqvSdR1ShM_EQUALS_.

 

[11] 박영희 Park, Younghee. (2018, 8 October). 기울어진 극장 미투 이후, 건강한 예술계를 위해 싸우는 여성들 (Unlevel stage After the Me Too movement, women fight for a healthier world of the arts). 여성신문 (Women News). https://God.blue/splash.php?url=4_PLUS_rTXTRfrVYKTSoWuIObZWqK7zIJNW_SLASH_tGEQD20Is3GAP_SLASH_coV9v5GynB_SLASH_U7HP6ZW1BSK3C0oF68ZwSMnw4eHk2pvqrDNdh6jVqZZNwrAAhrn8Ls7w5DQzZ7cKf_PLUS_hE7bplAZUgOC7ocPDf_PLUS_EMlZG7n9Q_EQUALS__EQUALS_.


          

South Korea deports North Korea fishermen who killed crew   

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Two North Korean fishermen have been deported after they were found to have killed 16 fellow crew members on their...

          

If North Korea and Japan went to war, South Koreans would support Kim Jong-un, says new survey   

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In news that may shock many outside the Korean Peninsula, a recent survey found that, were conflict to erupt between...

          

South Korea repatriates two North Koreans accused of murdering crew mates   

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South Korea’s military on Thursday repatriated two North Korean escapees accused of involvement in a series of murders, the country’s defense...

          

S. Korea proposes sending joint inspection team to Mt. Kumgang tourist facilities   

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The South Korean government has offered to send a joint inspection team, composed of government officials and business operators, to...

          

BIXPO 2019 to Be Held from November 6 to 8 in Gwangju   

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The 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019) is held in Gwangju, South Korea from 6th to 8th November 2019. The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). KEPCO launched BIXPO in 2015 to take on the leadership in future power technologies. BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in pow...

          

OraSure Supports Global and Domestic HIV Testing Initiatives for World AIDS Day   

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Today, December 1, 2009, marks the 22nd observance of World AIDS Day. World AIDS Day is an international day of remembrance dedicated to honoring those who lost their lives to HIV/AIDS. It is also a day of action that inspires the world to push forward with purpose and determination on education, prevention and treatment initiatives related to HIV and AIDS.

While much has been accomplished in the past two decades in HIV/AIDS treatment and prevention, the crisis and epidemic is far from over. Nearly 2 million people worldwide died from the disease in 2008 and unfortunately thousands more will be infected with the virus during the coming year.

OraSure is committed to working in partnership with local, national and international agencies in the fight against HIV/AIDS. This year we are extremely proud to support more than 65 education, prevention and testing events and initiatives taking place in the United States and in countries across the globe.

For example, in Italy, we are supporting Milan's HIV Reference Center and the launch of a mobile HIV testing initiative– among the first of its kind in the country. In South Korea, we are supporting the country's World AIDS Day launch of a new, progressive initiative that will bring HIV testing to dental offices throughout the country. The dental HIV testing program will leverage OraQuick ADVANCE® and its rapid oral fluid testing capability.

While in the U.S., OraSure is helping to promote dozens of events nationwide. Through the distribution of palm cards, posters and banners, sites have been able to promote HIV testing and the events they are holding in conjunction with World AIDS Day.

Please join in honoring those who have lost their lives to HIV/AIDS and to also continue the drive forward in the fight against this epidemic.

          

South Koreans Are Pleading for a Breakthrough in the US–North Korea Talks   

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Tim Shorrock

“We are on the cusp of a dangerous time,” a peace delegation declared at the UN.

The post South Koreans Are Pleading for a Breakthrough in the US–North Korea Talks appeared first on The Nation.


          

Zhangzhou Jingyijia Electronic Manufacture Co., Ltd.   

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Operating since 1997 Zhangzhou Jingyijia Electronic Manufacture Co. Ltd has been a professional LED manufacturer and exporter since 1997. We are specialized in LED digital displays (seven-segment LED displays), LED lamps, LED diodes, SMD LEDs, LED backlights, LED dot matrix displays, LED screens, and other LED lighting and decorations. OEM and ODM Orders are Welcome Our factory also provides OEM/ODM services according to the clients' requirements. Besides, our products have CE and RoHS certificates. Exporting to Europe, the US, East Asia and Southeast Asia During the past 14 years, we have already established a happy cooperation with clients from Europe, the US, East Asia and Southeast Asia, such as Exfowell in South Korea and Ifm Electronic in Germany. Adhering to the philosophy of integrity and innovation, we pay great efforts to produce LED products of supreme quality and novelty designs, by means of strict quality control and advanced auto machines. Therefore our LED products win a good reputation in both the domestic and overseas markets. Cooperate with Us Today With innovative R&D team, professional service and high-tech auto machines, we are trying our best to satisfy different customers' needs. We do welcome communications and feedbacks both from regular customers and new friends. Sincerely we hope to establish business with friends from different countries and regions on the basis of equality mutual benefit. Call us today.

          

South Korea deports two murder suspects back to North Korea   

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South Korea deported two men back to North Korea after authorities say they killed 16 crew members on a squid-catching boat.

          

South Korea deports 2 North Koreans who killed 16 at sea   

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Gephardt Daily
South Korea deports 2 North Koreans who killed 16 at sea

Two North Koreans who killed 16 fellow crew members on a squid fishing boat were repatriated by South Korean authorities on Thursday after being captured at sea near the Northern Limit Line, a maritime boundary off South Korea's east coast, the Unification Ministry said.

The post South Korea deports 2 North Koreans who killed 16 at sea appeared first on Gephardt Daily.


          

South Korea: Medical spending on aged hits record high   

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Elderly South Koreans' medical spending covered by the state health insurance programme exceeded the KRW30tn ($25.9bn) mark to reach a record high in 2018.

          

2020 Hyundai Ioniq Electric range increase official ahead of big EV push   

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Hyundai is going on an electrification spree, promising eight new “alternatively fueled vehicles” by 2022 as the 2020 Ioniq Electric lands with significantly greater range. The South Korean automaker says that it plans to have 13 different eco-focused models in its line-up by 2022, spanning an array of different drivetrains. There’ll be cars and SUVs in the new alternative-fuel range, … Continue reading

          

Samsung SDI First To Meet Stringent New UL Installation Standards   

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Lithium-ion battery manufacturer Samsung SDI has claimed an industry first, passing UL9540A test certification for the safe installation of stationary energy storage systems (ESS), with particular regard to the fire risk posed by thermal runaway. The South Korean company is supplier to many system integrators in the energy storage industry, as well as contributing to

The post Samsung SDI First To Meet Stringent New UL Installation Standards appeared first on Fractal Energy Storage Consultants.


          

South Korea’s Rental Industry Enjoying the Biggest Boom   

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South Korea’s rental market has become a rivalry of local barons. While Woongjin Coway is maintaining the top place, other companies are fiercely competing for the second place through large investm

          

2019 Global Materials Tech Fair to Be Held on the 12th at KOEX   

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A place where changes of future technologies by top South Korean and foreign materials companies are viewed and directions of development of industries through globalization of materials is set to be

          

Dying for a better life: South Koreans fake their funerals for life lessons   

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A South Korean service is offering free funerals - but only to the living.

          

Looking back (and ahead) after South Korea’s first six months of 5G   

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5G, like any six-month-old, is due for a milestone checkup. It’s been six months since South Korea’s three major wireless operators switched on large scale 5G across the country, launching the world’s first widespread deployment of 5G. As this new network turns half a year old there, it’s a good time to assess how well […]

The post Looking back (and ahead) after South Korea’s first six months of 5G appeared first on Mercadeo Digital Miami.


          

South Korean Company, Yuhan Pharmaceuticals Partners with Cyclica to Advance R&D Across Two Separate Programs for Oncology   

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Nov 07, 2019

TORONTO & SEOUL, South Korea--(BUSINESS WIRE)--Renowned South Korean healthcare company, Yuhan Pharmaceuticals (Yuhan) and Cyclica Inc. (Cyclica), a leading neo biotechnology company announce a collaboration to apply Cyclica’s proprietary AI-integrated drug discovery platform in two separate R&D programs. Yuhan is keen on implementing innovative technologies to enhance drug development efforts and will utilize Cyclica’s unique end-to-end AI-integrated drug discovery platform across diverse therapeutic areas to develop novel advanced lead-like molecules with desired chemical properties against the targets of interest determined by Yuhan’s R&D priorities.

Yuhan will leverage Cyclica’s integrated drug discovery platform, Ligand DesignTM and Ligand Express® to generate novel chemical entities with desired polypharmacological, physicochemical, and ADMET properties while providing insights into systems biology and structural pharmacogenomics.

Cyclica will receive an upfront payment as well as receive milestone payments upon the completion of specific objectives. Through this collaboration, Yuhan and Cyclica envision a long-term relationship to enhance future R&D and drug discovery efforts to identify novel solutions for unaddressed therapeutic needs.

Yuhan CEO and President Jung Hee Lee said, “We are very pleased to be collaborating with Cyclica to apply its proprietary AI-integrated drug discovery platform in our R&D programs, and hope to expand our partnership upon the success of the collaboration. Yuhan is dedicated to offering first-in-class to the patients within a short time by applying new computational methods, including AI and Big Data that can shorten the time and the cost required for drug development.”

“It’s an honour to collaborate with Yuhan, a visionary company that is thinking deeply about the future of the discovery of better medicines, and the application of new computational methods, including machine and deep learning. I am confident that this collaboration, and the future relationship with Yuhan and Cyclica will benefit patients waiting for new and better medicines.” said Naheed Kurji, President and CEO of Cyclica.

About Yuhan Corporation.

Yuhan Corporation is a South Korea-based healthcare company founded in 1926. The company has positioned itself as one of the top pharmaceutical companies in terms of market cap and sales revenue in Korea. The core business consists of primary & specialty care, dietary supplements, household & animal care, and contract manufacturing of active pharmaceutical ingredients. It has a number of subsidiaries and a global presence in the form of joint ventures with the Clorox Company(USA) and Kimberly-Clark Corporation (USA). Yuhan (000100:KS) is a publicly-listed company traded on the Korea Stock Exchange.

About Cyclica Inc.

Cyclica is a Toronto-based, globally recognized biotechnology company that leverages AI and computational biophysics to reshape drug discovery. Cyclica provides the pharmaceutical industry with an integrated and end-to-end enabling drug discovery platform focused on polypharmacology. Ligand Design and Ligand Express offer a unique AI-augmented platform to design advanced lead-like molecules that minimize unwanted off-target effects, while providing a holistic understanding of a molecule's activity through integrated systems biology and structural pharmacogenomics. By doing more with artificial intelligence, Cyclica aims to revolutionize a system troubled with attrition and costly failures, accelerate the drug discovery process, and develop medicines with greater precision.

Contacts
Naheed Kurji
Naheed.Kurji@cyclicarx.com

Category: 
Collaboration / Partnership
Pharmaceuticals & Biotech
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Crash Landing on You   

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Title: 사랑의 불시착 / Crash Landing on You
Also known as: Love’s Emergency Landing / Love’s Crash Landing / Crash Landing of Love / Emergency Love Landing
Genre: Drama, romance, comedy
Episodes: 16 (To Be Confirmed)
Broadcast network: tvN
Broadcast period: 2019-Dec-07 to 2020-Jan-26
Air time: Saturday & Sunday 21:00 Synopsis The series tells the secret romance between a South Korean heiress of a conglomerate and a high-ranking North Korean officer. Yoon Se Ri (Son Ye Jin) is an heiress to a conglomerate in South Korea. (Continue Reading & Discuss)

          

Champions League: Son bounces back with a brace as Tottenham thrash Red Star   

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Son Heung-min bounced back from a traumatic weekend by scoring twice as Tottenham beat Red Star Belgrade 4-0 on Wednesday to take a huge step towards reaching the last 16 of the Champions League for a third straight year. The South Korean was left in tears after being sent-off for a challenge that led to

          

Heung-min Son & Andr Gomes Share Heartwarming Messages After Everton Star's Horror Injury   

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jury 'Tottenham Hotspur forward Heung-min Son and Everton midfielder Andr Gomes have both sent outtouching messages following the latter's horrific ankle injury on Sunday. A rash challenge from the South Korean led to an awkward fall for his counterpart during the 2-2 draw between the two sidesat Goodison Park, resulting in an ankle fracture dislocation for the Toffees man. Fans and players alike were visibly distraught by the incident, but Gomes is set to make a full recovery having..

          

Son reveals he's sent text message to Andre Gomes to apologise for his role in causing horror injury   

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The South Korean has vowed to "show his respect" for the crocked Spaniard by working harder than ever before on the pitch for Spurs

          

Tianjin Ruiyuan Electric Material Co., Ltd.   

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Tianjin Ruiyuan electric Material Co., Ltd. was established in 2002, which is the distributor of one Shenzhen listed company and two Taiwan-funded enterprise in the north of China. Since more than 10 years working in Shandong area and north of China,we cultivate a creative, quality assurance, excellent after-sale integration of technical team. And with the powerful technical support for the supplier, we could provide quality assured services to customer. Our company has unique technical advantages of super-micro enameled copper wire. Our company set three suppliers in their respective superiority resources which good at production, inventory and technology to the different needs of customers. Our terminal customer throughout Europe and Asia, Japan and South Korea and China. Such as Philips, such as Panasonic, Samsung, Haier, etc,. With the good reputation and high quality service, we won the trust from supplier and customers. From 2015, we achieve the overseas franchise of above three suppliers. Hope to create your business greater value by our service.

          

Samsung Plans To Shut Down US CPU Research Division   

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Samsung Electronics Co Ltd has revealed its plan to shut down a CPU research division at one of its U.S. facilities, a move that analysts said dimmed prospects for the tech giant’s Exynos-branded mobile chips. Exynos mobile processor chips are considered a hallmark of the South Korean firm’s attempts to reduce its reliance on memory …

          

S.Koreans' online shopping hits record high in Q3   

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SEOUL, Nov. 4 (Xinhua) -- South Koreans' online shopping hit a record quarterly high in the third quarter on strong demand for purchase using smartphone apps, statistical office data showed Monday.

Shopping in the cyberspace reached a new high of 33.56 trillion won (28.9 billion U.S. dollars) in the July-September quarter, up 19.4 percent from a year earlier, according to Statistics Korea.

The mobile shopping jumped 25.5 percent over the year to 21.69 trillion won (18.7 billion U.S. dollars) in the quarter.

The purchase using smartphone apps accounted for 64.6 percent of the total online shopping, marking the biggest portion since the relevant data began to be compiled in 2013.

The double-digit increase in the mobile shopping was attributed to strong demand for food delivery services using smartphone apps.

Online shopping increased in double figures for consumer electronics and cosmetic products.

In September, the online shopping expanded 22.3 percent to 11.18 trillion won (9.6 billion U.S. dollars) compared with a year earlier.

The mobile shopping jumped 29.2 percent to 7.23 trillion won (6.2 billion U.S. dollars) in the month.

          

The Global Slowdown May Be Over   

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By FS Staff

Nov 7 – Export sensitive countries such as Germany, Taiwan and South Korea are showing improvement in breadth. Given this, we expect small cap and emerging markets to outperform during what seems to be a period...


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