Bo-young Park, Reporter from Daily Associated News of The World Network of SNS Press, recently interviewed co-host Mr.Jong-kyu Park, CEO of WikiLeaks Korea, about the purpose of the event ‘National Assembly Forum’ which will be held on April 30.
Korea’s gross national income (GNI) per capita has officially exceeded $30,000 in Moon Jae-in’s 3rd year of administration. Meanwhile government policies related to labor, financial, corporation and economy are still key concerns of Koreans.
This policy seminar on proposal of a solution to alleviate job insecurity, as well as boosting economic growth of the Republic of Korea, is attracting attention as to whether the forum in the National Assembly will be a solution.
Interview transcript as below:
Q : What are the economic achievements of Moon Jae-In Administration for the past 2 years?
Moon Administration which started from May 2017 just entered its 3rd year. One of its most notable economic records is that GNI per capita exceeded $30,000.
The Gross National Income (GNI) per capita of Korea, which was $28,000 when the administration started, is assessed to have exceeded $30,000 threshold at the end of last year.
Q : What are the factors to impede economic growth of a country so far? Can you provide an example in terms of growth rate, employment, exports, etc.?
It is indicated that there are many barriers lying ahead for Korea in moving toward GNI per capita of $40,000 and $50,000. Its growth rate is currently balking at 2%, and its employment and exports are struggling amid adversities. Experts point out that its outdating industrial structure, ever widening gap of income inequality, low birth rate and fast aging population are crippling Korean economy.
As revisions of various laws and investigations were aimed at large companies such as Samsung, Hyundai, SK, LG, Korean Air and Asiana, which are called ‘heart of Korean economy’, Korean companies have been discouraged, some argue that policy shift is urgently needed to boost the morale and entrepreneurship of Korean companies.
Q: What topics will be focused on and discussed at the forum?
Professor Seung-wook Kim of Chung Ang University will make presentation on ‘Merits and Demerits of Jae-in Moon Administration’s Economic Policies So Far and Direction for its 3rd Year in Office’.
In addition, Professor Ki-sung Park of Sungshin Women’s University will make presentation on “Status of Government’s Labor Policy So Far and its Future Directions“, and Professor on Special Assignment, Jung-ho Kim of Yonsei Universitywill present on ‘Government Directions on Institutions for Companies’.
Besides, Jung-geun Oh, Chairman of Asian Finance Society, will present on ‘Global Financial Market and Government Direction for Financial Policies in the Age of Information Revolution’ and Dr. Jae-wan Jang on ‘Government Direction for South-North Korean Economic Cooperation under Turbulent Conditions of Korean Peninsula’.
SOURCE Daily Associated News
Penta Security and R3 Announce Strategic Partnership for Digital Asset Management and MPC Technology
Penta Security and blockchain software firm R3 today announced that they have entered into a global strategic partnership for digital asset management and MPC (Multi-Party Computation) technology, combining Penta Security’s technologies and R3’s extensive enterprise blockchain platform, Corda.
With technology and services playing a critical role in digital asset payment and management aspects, the demand for a safer digital asset and private key management solution is dramatically increasing. The partnership brings together deep skills in MPC, blockchain key management solutions, technology development, and deployment in the finance sector via R3’s enterprise blockchain platform Corda.
As a result, Penta Security is devoted to expanding in the finance industry with its MPC technology which is based on the secret-sharing algorithm, and PALLET, an advanced key management solution for blockchain. Both parties will be heading to achieve goals through various new projects by forming a software enterprise firm, in addition to deploying Penta Security’s MPC technology on R3’s major projects.
Dr. Sim, Chief Technology Officer at Penta Security, said: “There’s no doubt that the private key to successful blockchain deployment is the most important asset. We believe Penta Security’s MPC and digital asset management technology can provide an ideal key protection solution for both blockchain and digital asset key protection. By diversifying our offerings through strategic partnerships, we’re excited to be devoting our expertise in the evolving blockchain scene.”
Cathy Minter, Chief Revenue Officer at R3, said: “The creation of a new market, powered by digital assets, is one of the most exciting promises of blockchain technology. Coupling our Corda platform with Penta Security’s MPC technology will be one step closer to addressing the industry demand for secure digital asset management. We are proud to be partnering with Penta Security to deliver an industry-leading solution and look forward to them achieving continued success in the future.”
SOURCE Penta Security Systems
FiO Fixes Wine, Gaming and Fitness Industry Pain Points
Innovative SaaS platform FiO is expected to release details on how its blockchain-onboarding service solves long-existing problems in wine provenance, online gaming and fitness tracking next week.
FiO merges the latest blockchain technology and GPG encryption with existing ledger software to create easy-to-use decentralized solutions for conventional businesses.
The company’s FiO software boasts a conventional form factor and simple templates to create a painless experience for non-technical users. Only 3 simple onboarding steps are required: user registration, service selection and finally, a connection to their API.
FiO’s “plug & play” technology aims to fix inherent issues that have long plagued traditional industries. For example, with counterfeit wines a multi-billion dollar problem, FiO enables a reliable and immutable traceability platform for wine products as they make their way from the vineyard to the consumer.
Through FiO’s simple blockchain tool, users can create a robust decentralized ledger and shareable digital certification pertaining to a wine’s appellation, winemaker, vintage year and shipping and storage. This enhanced ability to record the production, obtaining and selling of wine should foster greater trust between producers, distributors, resellers and collectors.
In recent years the fitness industry has seen a boom in wearable, biometric devices that track the end-user’s fitness regime and health vitals. FiO allows fitness gyms to integrate AI-enhanced features without compromising customer privacy. Gym users can consolidate their health and fitness training data from wearables, equipment and even medical service providers in one location, import token economy items and connect with social fitness influencers and networks.
The gaming industry, currently worth $150 billion per year, is predicted to double in value by 2022, with an increasing demand for B2B game development solutions that build and manage in-game item economies.
Until now, players could only trade and sell their virtual items directly or on third-party websites, with little protection against fraud, hacking and theft.
With FiO, game developers can now facilitate the easy and secure transfer of in-game items and rewards between players through their existing wallets. This increased functionality and fungibility of gaming rewards through blockchain will likely attract new players to the industry.
FiO made it clear that its platform is highly flexible and its benefits can be applied to nearly any conventional businesses. The company, currently in its final fundraising round, welcomes interested parties to get in touch.
Crypto Earn: Now Earn 8% p.a. on EOS Deposits
Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added EOS to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.
In addition to having EOS available in Crypto Earn, deposit and withdrawal of EOS is also enabled on the Crypto.com App.
EOS.IO is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. It is currently supporting over 260 projects.
Crypto Earn now supports 16 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG with the addition of EOS. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.
Note: For the U.S. users, both deposit and withdrawal of EOS and Crypto Earn deposit in EOS are initially available in 38 states: Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
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