Opening Ceremony of the 16th EBS International Documentary Film Festival (EIDF 2019)
The opening ceremony of the 16th EBS International Documentary Film Festival (EIDF 2019) sponsored by EBS (Chairman Kim Myung-joong) and sponsored by Goyang City was held at 7 pm EBS Space Hall on Monday, August 19th. Hosted by the broadcaster Kim Kuk-jin and actor Kim Gyu-ri, the opening ceremony of EIDF 2019 was also broadcast live on the YouTube EIDF channel. ▲ The biggest event of the year for Korean documentary lovers is finally revealed. ▲ This year's opening ceremony was held by Kim Kook-jin and actor Kim Gyu-ri. At the opening ceremony, Chairman Kim Myung-joong announced the opening of the EIDF 2019, and judges including Morten Traavik, directors of the festival's competition works, and documentary directors both at home and abroad were in attendance. Representatives including a legislator Kim Kyoung-jin, a senior deputy mayor Lee Chun-pyo, the standing committee of Korean Communications Commission Go Sam-seok, the chairman of Goyang City congress Lee Yoon-seung, and the officials from Korea Creative Content Agency, Korea Radio Promotion Association, and Korea Communications Agency attended the ceremony to celebrate the opening of the festival. The chairman of EIDF, Kim Myung-joong declared the start of the festival. "The documentary has recorded hope, frustration, truth, lies, light and even darkness. In the age of uncertainty, I think documentaries are more important than ever." ▲ With the opening declaration of Chairman EBS Kim Myung-joong, the event schedule for EIDF 2019 has begun. ▲ Documentary producers and directors who entered the competition section expressed their impressions about the visit. ▲ Among the entries, Russian and Japanese works received attention by illuminating the dark memories and aspects of human history. ▲ Lee Chang-jae, chairman of the jury, revealed his impressions this year and asked for interest in Korean documentaries. ▲ Global pitching participants who will lead the future documentary trends were introduced and applauded. The opening ceremony of EIDF 2019 was prepared to introduce the main contents and programs of the festival, including stage greetings from competing works' directors and introduction of judges. As for special performances, the percussion performance team "Good Friends" was held at the begging of the ceremony, and at the end, "JustJerk" showed a great performance. After the ceremony, EIDF 2019's opening film "Midnight Traveler" was screened. ▲ The opening ceremony was concluded shortly after the introduction of the main contents of "Midnight Traveler". EIDF 2019 will be held in Goyang-si and Seoul at the same time until 25th (Sun) following the catchphrase 'Documentary, Lighting the World!'. 73 documentary films from 34 countries will be screened on the three theaters including EBS, Megabox Ilsan Bella Citta, and Small Theater Under the Clouds of Hongdae, and EBS 1TV Channel. There are also various program events: 'EIDF Special Forum with representative architects of Korea: Urban and Architecture-Warmth of Home' (8/21 19:00, Small Theater Under the Clouds), and various special talks with the theme of 'Is it good to marry', 'We go to Pyeongyang without fear', and 'My Dog's Taste'. Meanwhile, EIDF 2019, which marks its 16th this year, will be held in Goyang-si and Seoul from August 17th (Sat) to August 25th (Sun). Through documentary VOD service 'D-BOX', it is possible to watch films again.
10 Million Viewers in South Korea! the Reason, Why [Aladdin] Is Possible While [The Lion King] Is Impossible
Can the movie [The Lion King] surpass the record of [Aladdin]? This year, Disney revealed two live-action remake movies. One is the movie [Aladdin], which has been a concern since the release of the cast, and the other is the [The Lion King], which is considered to be one of the best productions of the year for the best production cost of Disney's history. Source: The Walt Disney Company Korea Official Poster First of all, [Aladdin], released in May, surpassed 10 million viewers in Korea in just 53 days with 1400 screens without screen monopoly, and it has exceeded 11 million viewers for the 4th time in foreign films. Even the opening score was so low that it couldn’t exceed 100,000, which is the lowest movie among the foreign films with 10 million viewers of all time. As a result, it succeeded in reaching the box office of approximately $ 1 billion globally. Meanwhile, [The Lion King], released last week (July 17, 2019), has surpassed [Aladdin]’s record from the beginning of the opening. In ten days after its release, it recorded a tie record with [Frozen]. That is, it has surpassed 3 million viewers in the shortest time in history of Disney movies. And the earnings have already reached $ 600 million globally. As it has been rushing like nobody’s business, whether [The Lion King] will be able to set a record that surpasses [Aladdin] is attracting attention all over the world. Actually, as mentioned before, [Aladdin] was one of the controversial works before the release. There were a number of criticisms including boring casting controversy (although the casting controversy is a problem every time a live-action movie is released), as well as the shocking appearance of actor Will Smith, who transformed into a blue Genie. Disney has already seen the bitter taste of the box office failure with [Beauty and the Beast], so it did not expect much on [Aladdin]. Rather, it was concentrating on [The Lion King] from CG to music and even dubbing. Source URL: https://www.lovetips.co/aladdin-in-the-edition-of-the-book However, [Aladdin], which was at the center of the controversy, resulted in a long-remembered myth in movie history, and the whole world was enthusiastic about Aladdin. Thus, [The Lion King] soon began to attract attention. This is because Disney had been working on it for a long time. If I guess [The Lion King] can make as much success as [Aladdin], the answer is 'NO'. [The Lion King] does not have the secret to attract the audience like [Aladdin]. [Aladdin] and [The Lion King] have a fatal weakness in the box office. That is, the audience already knows the story. On the other hand, it can also be strength in that it has many fans waiting for this work. Nevertheless, the reason why the weakness is bigger is that there must be something that surpasses the previous animation for captivating audiences who constantly compare with previous animations. In this respect, [Aladdin] has succeeded, but [The Lion King] has failed. Source: The Walt Disney Company Official Poster [Aladdin] searched for something that differentiated from animation in 'camera control', ‘presentism', and 'impact'. First of all, as you can guess from the title, [Aladdin] is a fantasy adventure story that a sneak thief Aladdin experiences while encountering the lamp fairy Genie. That is, it is all about the story of Aladdin. But in this live-action movie, even though the title is [Aladdin], it does not seem to be Aladdin's story. The film moved audience’s eyes to the minor characters, the lamp fairy Genie and Princess Jasmine. To be specific, it focused on Genie’s desire to be a normal human being, the sadness of Jasmine deprived of her father’s kingdom by the Wizard Jafar, and the strength to regain it. As a result, it was possible for the audience to feel fresh and emotional as they experience a whole new story. Source: “Speechless” Music Video Screenshot However, in [The Lion King], it was difficult to find differentiated points like [Aladdin]. Story is still focused only on the main character Simba. The story of Timon, Pumbaa, and Nala was similar to that of animation, and the ambition of Uncle Scar, which was existed in the original animation, and the stories of the three hyenas (Shenzi, Banzai, Ed) disappeared. Source URL: https://bitly.kr/4ge8tz Next, it is about 'presentism'. One of the reasons why [Aladdin] is favorably received by audiences is that it has perfectly done presentism of the characters. Everyone knew that Genie was cheerful, but no one could imagine the funky atmosphere of hip-hop. In [Aladdin], on top of Genie's original unique sense of humor in the animation, modern comedy, funkiness, and hip-hop style were added to present new fun and pleasure. Consequentially, a lot of laughing points that audience can enjoy were in the film. Furthermore, OST has strengthened modern grandiosity and musical elements as well as reinforced the reinterpretation of modern story by inserting a new song, Speechless, which was not in animation. Source: [Aladdin] Teaser Trailer Screenshot On the other hand, there was very little modern interpretation in [The Lion King]. In fact, it is no exaggeration to say that the original animation of 1994 was transferred as it was. No new interpretation was found compared to the original animation [The Lion King]. Finally, it is 'impact'. One of [Aladdin]'s viewing points is the fun of watching. How to express the magic elements of Genie was an important factor. With advanced computer graphics (CG) technique, it successfully presented more colorful visual beauty and impact than animation. CG, as well as dazzling group and solo dance, provided the audience much fun to move their shoulders throughout the movie. Source: [Aladdin] Preview Teaser Trailer Screenshot The visual of [The Lion King] is second to none. The most focusing part in [The Lion King] is the reality that filmed the actual animals and nature as they are. So when the trailer was first released, it became a big topic for the factual description. However, the visual novelty was only up to five minutes before the movie started. Realistic descriptions have soon been adapted to the eyes of the audience, and other than that, there were few visual elements that could catch the eye of the audience. After all, the story had to lead the movie, but the story was not so different from the animation, which eventually became a flat and boring movie. Even the part of Simba and Nala falling in love with the background OST ‘Can you feel the love’ was finished by mixing with the reunion scene without any romantic atmosphere. Source URL: https://pas.fnnews.com/archives/504339 Despite this criticism, of course, [The Lion King] can record astonishing performances like [Aladdin]. This is due to the combination of various factors, including simultaneous releases and seasons. But there is one thing we should not forget in [Aladdin]. The crucial reason why [Aladdin] could succeed in the box office was that it was the repeated viewings. The repeated viewing rate of [Aladdin] is 8.7% on July 14, which is about three times the average of the top 10 movies (3.1%). Also, for repeated viewings, there must be something that fans want to watch again. ===== Ph.D Sophia Seo She had been a member of the research committee of EBS Tomorrow’s Education Plan Institute. Currently, she is a visiting professor at Sookmyung Women's University and an education director of Data Marketing Korea. She is an expert in new media content trend and creator market analysis.
The Residence Bintan, a Paradise Under the Sun of the Equator
When talking about the number of countries that can go without visa, a Korean passport has always been named on top. The passport index is the sum of the visited visa-free countries and countries that need arrival visa in the passport. According to the global financial adviser, Arton Capital’s 2018 announcement, the Republic of Korea, along with Singapore, set a record of 162 points and a joint first place. Like this international reputation, the Korean passport is a very good item to feel the different mood over the border. After flying for 6 hours from Incheon International Airport, you will arrive at Singapore Changi Airport. Because it is a visa-free country and the processing work is fast, it takes only about 30 minutes to get to the Arrivals Hall. When you go through the baggage area and go out to the Terminal lobby, the hot and humid air of the tropics will make you realize that you are in a foreign country. After a short breath with Singapore air, grab a Grab taxi and go 10 minutes south to Tanah Merah ferry terminal. For reference, the first ship to Bintan, Indonesia, is around 8 am. After completing a simple immigration check and baggage inspection, it takes about one hour by high-speed ferry to Bintan Island in Indonesia. In this way, it takes about 8 hours to go through Singapore and then to the land of Indonesia, and the countries you experienced are Korea, Singapore and Indonesia. Bintan Island, which has arrived here, is well known as a land developed early as a Special Tourist Zone for recuperation in Indonesia. As Singapore emerged as an economically wealthy country, many people visited Bintan, which is right adjacent, as a vacation spot. If you arrive at the Bintan Ferry Terminal, there are a lot of vehicles that carry guests to the resort. The only public transport on Bintan Island is a taxi. When you book a resort, it is a wise choice to choose traffic facilities to and from the airport. And ‘The Residence Bintan’ also has a limousine service, which will help you get there. It is approximately one and a half hours between the terminal and the resort. Given the time of a short trip from the airport or terminal, within 12 hours, it is possible to arrive at the resort from my house in Seoul. This reminds me that the earth we live is small. The main building entrance of 'The Residence Bintan', which entered in the limousine, seems to have been functionally decorated like a golf course guest house. But it’s only for the beginning. Entering the lobby through the entrance, you could see the refreshing appearance that the architecture of traditional Indonesian style facing the open sea. It was fresh enough with the natural wind, rather than the air conditioner. Only the entrance area has many walls. Besides, the surroundings were all open, so it was impressive that both nature and convenience facilities met my eye. There are two types of rooms that can be reserved one with an ocean view and one with a garden. Every ocean view room has a swimming pool, but the location of the pool is different. Some have pools right outside the back door and the others have stairs to go down before the pools. If you want to go out and fall into the pool, you should choose a ‘Beachfront’ type room, and if you want to have more party space or enjoy natural wind and light, it will be great to choose a ‘Sea View’ type room. The terrace type rooms with ‘Garden’ or ‘Vista’ modifiers have no private swimming pools. Instead of being located more inside toward the land, more space is provided. Besides, there are only two suite type villas, which will be appropriate to the group of about 4 guests. They have not only private pools but also convenience and accessibility as they are next to the main swimming pool and bar. Among many types of rooms, I have chosen the ‘Beachfront Pool Villa’. It has a structure that leads directly from the bedroom to the swimming pool and is suitable for couples or those who travel alone. Two air conditioners are in full operation, so you might feel cold when you come in. The depth of the pool was 1.2 meters, so it was safe to play with children. The main pool also has similar features. With the isolated spatial composition, the shallow depth seemed to be in a good condition to be relieved. Even if Pool Villa is a good place to fall into a private time, the resort cost includes fee for basic facilities, so it will be great to go out of the room and enjoy them. If you have children, it is good to find a kids club, and if you are alone, it is a good idea to take a look at the fitness center. The kids club, where children from many countries communicate in English and play together, might be a great place to experience global exchange early in life. The play facilities are well-furnished and well-maintained, and professional nursery teachers keep their positions during the day so parents can feel relief when leaving their children and going out for leisure or activities. If you don’t have to worry about children, you should spend some time in the fitness center. There are some places in the resort where you have to pay for - the luxurious Spa, bar, restaurant, gift shop and so on. Although the main facilities are located around the main building, these amenities and activities are far from each other. There are three ways to move. The first way is to walk. I walked from end to end, and it took about half an hour. Walking in the broad daylight makes you lose weight. The next way is to ride a bicycle. Bicycles are placed in front of individual accommodation, according to the number of guests. It is common to go around the resort with this bicycle. If you want to go more conveniently, you can prepare a dollar for a tip and get a buggy from the concierge. The easiest way is to call an electric golf cart that is operated within the resort. But it takes time when there are many users or at night, so I, who is Korean with a quick temper, just walked or rode a bicycle more. It is optional to ride a buggy inside the resort, but there are some cases that surely need it. As off-road ATVs, archery, survival games and other exciting activities are located outside the resort, you must call buggy. The water sports provided at the beach are located just below the main swimming pool, so if you get out of your room and walk along the beach, you will soon arrive. The ATV ride is the center of external activities, but the first thing to do is to take safety training and lessons here. After that, you can enjoy various activities according to the staff’s guide. It is necessary to reserve on the Internet or at the main building counter, so it is better to make it in advance. Like this, you don’t have to look for other places to enjoy activities. Since the resort provides all the excitement experiences both of the sea and land, you should enjoy them. The resort also provides static and healing activities rather than active ones. If you want to feel at ease, among the programs offered by the resort, let's take a cooking class and a spa. In the restaurant, the chef who gives a variety of menus to customers will come and show cooking the traditional Indonesian food. And you can taste the finished dish. In addition, there is nothing like a Spa to relax. The By Ila Spa has a traditional Balinese massage. Before getting a massage, they check your health condition with a questionnaire and provide intensive care for specific areas you feel bad. Ginger tea or Lemon Grass Iced Tea served before or after massage is also a pride of By Ila. If you take a refreshing drink and take a Balinese massage, you will not be able to keep up. After taking a short nap, I can meet your fully relaxed body. Comfortable accommodation and various convenient facilities. And a variety of programs to choose from when booking a resort. I scheduled focusing on the holiday, and I spent time full of memories to go back at the The Residence Bintan. Among many memories at the resort, the best one is the delicious Indonesian food. Beef Rendang, Nasi Goreng, and many other dishes highly praised from various TV programs such as EBS are well-known dishes of the resort’s restaurant. Even though the tour programs show a lot of night markets and local people's tastes, the cuisine served in the resort itself is of high quality. Without going far, Rica Rica restaurant is my most memorable place to enjoy Indonesian delicacies. Until this moment…
The world admires with inspiration : Kim Jin-sook CEO & Chairman of Karasadae Co., Ltd.
Speaking of two letters “hair loss,” usually leads to a middle-aged man who typically has a potbelly and looks older. Hair loss is often thought to be the most significant genetic factor. Of course, it's not 100% wrong. However, in addition to genetic predisposition, more and more adult men and women are worried about hair loss due to a strict diet, incorrect eating habits, smoking, and excessive stress. All these phenomena would mean that we are living in a world where hair loss is no longer a worry for men alone. Some say it is the era of 10 million baldness. We are facing direct or indirect hair loss-related products that are so incalculable today. All products promote efficacy and results, but the worrisome public is always worried about which product to choose. However, general hair loss products are challenging to expect effectiveness in a short time, such as a day or two. Most consumers have no choice but to rely on popular products or recommendations from people around them, and this method is the most significant part of the decision to purchase a product. In my twenties and thirties, I, a reporter, was confident that I had a lot of hair, and I thought that hair loss was a story of others. But, now I’m in my mid-forties, I cannot say it anymore as I feel my hair is thinner and my forehead is wider. I became increasingly interested in hair loss products and purchased expensive products one by one that piled up in my house. In the meantime, as a reporter who met K1-CURE through word of mouth and met with Kim Jin-sook, CEO of Karasadae Co., Ltd., and also as a consumer who represents the heart of all middle-aged men who would like to protect their ‘one string of confidence,’ I listened to CEO Kim's 24-years of know-how and management philosophy. ■ Girl's Dream and the First Step Kim Jin-sook was born in Bonghwa-gun, Gyeongsangbuk-do as the third child of three sons and one daughter. Her family wasn't wealthy when she was a child, but she grew up with no discomfort. In order to continue her studies in a larger city, her family moved to Daegu when CEO Kim entered middle school, but a year later, the family’s financial circumstance turned down unexpectedly. But, even in such difficulties, rather than being frustrated, she thought, “I can still help someone." And she was more interested in volunteering work. Her decision led to rewarding activities such as visiting underprivileged areas such as orphanages and nursing homes to clean up, or to assist seniors in bathing. However, CEO Kim, who did not stop at a reward, was dreaming of a hairdresser at the time and thinking that she would like to combine volunteering activities and beauty work. Also, she felt sorry there was no barber and hairdresser for volunteering. This dream came true after she married in 1990. In the early nineties, She got a hairdresser's license and started working on beauty. CEO Kim Jin-sook, who was reminiscent of the time, laughed saying, “I became more interested in beauty by doing beauty volunteering rather than by serving clients as a hairdresser.” She worked as a beauty volunteer and hairdresser. She registered her business in 1996 and opened a hair salon called 'Hairbank Karasadae' on Rodeo Street near Beomgye Station. CEO Kim, who became famous as a hairdresser afterward, has been a seminar lecturer for color, perm, and scalp clinic at home and abroad. As she lectured at seminars and cared for clients at her hair salon, she found that many worried about hair loss. CEO Kim, who had exposed to the grievances of customers, presented a product with customized preparations for the customers to easily care for the scalp. However, these products responded surprisingly well, and the number of customers increased, and as word of mouth grew, many consumers wanted to buy the product. Gradually, the demand surpassed the supply and reached a point where an individual cannot handle the order. CEO Kim made her mind, “What about launching a brand and producing a scalp care product?” As a result, “Karasadae Co., Ltd.” was born. ■ Step by Step, Slowly but Accurately Word-of-mouth about customized products has gone beyond Korea to the ears of many Asian buyers. Eventually, in 2012, she established Karasdae Co., Ltd. for export, launched the K1-CURE brand and began supplying it to the domestic and Thailand, Malaysia, China, Philippines, and Vietnam. Currently, the major products of Karasadae are mainly made up of professional products that match the concept of the trouble of scalp and hair, and hair loss care. In addition, Karasadae does not focus on advertising or promotion to reduce the burden on consumers. The company has drastically reduced the distribution stage by operating, demonstrating, and selling through various direct stores and franchises, mostly plastic surgery, dermatology, hair salons, spa, aesthetic shop and pharmacies. Currently, the Karasadae care products are ‘K1-CURE Scalp Shampoo ‘and ‘K1-CURE Scalp Tonic Serum’ that passed KFDA (Korea Food and Drug Administration) in 2012 and are a functional cosmetic line mainly used in specialty shops. And, there are two types of cosmetics for the scalp: 'K1-CURE Scaling Toner' and ‘K1-CURE Scalp Gel’. CEO Kim said, “K1-CURE Scalp Shampoo is a soft, delicate lotion-type shampoo foam that can cleanse waste materials without irritation, and help alleviate hair loss symptoms. K1-CURE Scalp Tonic Serum, which contains Karasadae N.T Complex ingredients that combine the unique technology of Karasadae, helps anti-aging care to the scalp and hair. ” and showed strong confidence. In addition to these Karasadae's products, there are four KARASADAE’s products (scaling toners, shampoos, gel packs, and tonic serums) that are targeting China for export and general household use. There is a Thai export-only product, ‘Mass H-1 Scalp Tonic Serum’. In particular, four of KARASADAE's products for export to China passed the CFDA (China Food and Drug Administration) in March and obtained a permit. Also, in November, at the Myeong-dong Lotte Hotel, the company signed a contract for rapid export with Vietnam. ■ With the heart of Joan of Arc Indeed, Karasadae Co., Ltd. was ambitiously established in 2012, but it did not have sufficient enough capital or support except technology. At this time, the company could not adequately promote, and its financial pressures increased with an inventory. However, CEO Kim Jin-sook chose to make direct breakthroughs with domestic and foreign consumers. She participated in the Seoul Wig Hair Loss Prevention Exhibition and gave a strong impression by giving seminar lectures. The company attended the booths at various exhibitions and has been trying its best to meet even one more consumer. The numerous exhibitions include the Myanmar-Malaysia and China (Shanghai) Trade and Trade Promotion Agencies, 7th Korea Brand Daejeon, Health & Beauty Week, Imported goods and excellent goods exhibition, International Rotary Club Seoul, G-fair Korea Excellent Product Exhibition, Korea International Tourism Exhibition, Excellent Small and Medium Business Marketing Competition, and Seoul International Cosmo Beauty Industry Fair. Have anyone noticed these efforts of Karasadae? Several agencies have begun to respond. In 2013, the company promoted industry-university cooperation and joint development with Seoul National University of Science and Technology and completed technology transfer from Seoul National University of Science and Technology in 2014. At that time, the products of Karasadae entered three branches of some famous department stores. In 2015, the company was selected as one of the top 100 export frontier companies in Gyeonggi-do and obtained ISO9001/2008 quality management certification. Besides, it signed a contract to enter Chongqing Shopping Center, CITIC Group, China. In 2016, it was proudly selected for a China-focused certification support project, a customized Solomon support project for women companies, a Design Export Club project, and a 2016 new export support project. As the products of Karasadae gained popularity both at home and abroad, requests for sponsors gathered at various beauty fairs, and the company participated as an official sponsor in multiple competitions. For example, for 2013 Environmental Marathon, 2014 Miss Intercontinental Beauty Contest, 2014 Miss First Beauty World Competition, 2017 Korea Arts Awards Ceremony, the 5th Hip Hop Korean Culture Awards Ceremony, the 37th Golden Film Festival, ALL FC Champion Battle MMA, the company was designated as an official sponsor or official supporter. In particular, it was designated as an official sponsor of the Osong Cosmetics Beauty Industry Expo for three consecutive years since 2016, and received a plaque of appreciation from Governor of Chungbuk, and received a citation from the Governor of Gyeonggi-do for recognition of participation in community service. ■ A woman in action is beautiful CEO Kim Jin-sook, who has been interested in community service since her middle school years, still is practicing her desire to help society, even though she may be satisfied with living a comfortable life as a successful businessman. So, I want to introduce the 'New Women’s Club' which has a catchphrase, “Elegant women change the world.' CEO Kim Jin-sook has already passed a year since she took office as the second chairman after the founding Chairman Han Mi-ran and the first Chairman Jin Jin-ee The New Women's Club, launched in November 2015, often delivers where help is needed or hosts events to help underprivileged young people. CEO Kim, who is known as the most passionate leader, said, “It aims to promote women's rights, revitalize the local economy, and participate in and spread the international social, civic volunteering. We ask for your attention and encouragement of love to be reborn as a women's organization that can practice the true volunteering of sound and bright thoughts with female leadership in Gunpo City.” Since the inauguration of CEO Kim Jin-sook, the New Women's Club and Karasadae Co., Ltd. have officially sponsored the national drama `Pumba-wingless Angel '' in June 2018, and organized ‘the 6th TeenTeen Carol Song Festival’ to help underprivileged young people in December ofthesame year, which was hosted by renowned comedian SonHyn-soo. ■ Conscience Returns to Trust Hair loss-related products in Korea are perceived as expensive products compared to other beauty products. Thus, it is difficult for consumers to purchase without hesitation. Nevertheless, CEO Kim said firmly, “I have no intention of compromising with reality. The prices are indeed high. If we decide to sell more products, we can lower the unit price by adjusting the quality or amount of ingredients. But in the long run, those behaviors deteriorate the brand value of the Karasadae’s products in the minds of consumers.” When I listened to her and thought, there was no unique refill for the Karasadae’s products. Consumers have to buy the products in their containers every time. Launching a refill would eliminate the cost of the container, lower the unit price and increase sales. But she thought differently, and her answer was straightforward. “Unit prices may decrease, and sales may increase. But, when customers refill by themselves, there might be several side effects, such as air inflows or foreign substances introduced during storage or refilling, which could result in deterioration in quality. Of course, it could be a tiny probability. However, I think that the small probability could have a big impact on the image of the brand.” she said, adding that she would not give up her will. Overseas buyers and various network marketing companies have demanded that the unit price be lowered by reducing the amount of raw materials or replacing them with cheaper materials, but CEO Kim Jin-sook said she would not back down even if she could not sign a contract. CEO Kim Jin-sook said, “It is true that Karasadae’s products are relatively expensive. However, with the pledge of 'keeping,' we can say that we are more confident about our products than any other brand. I will not forget the words “honesty” and “loyalty,” and I want to continuously give “trust” to all those who meet the Karasadae. ” adding that she will not forget her original intention. ■ Dreaming of K-Beauty To summarize the recent trends of Karasadae, which has always run tirelessly, in March 2018, after several years of challenging the Chinese market, four brands of Karasadae passed the CFDA (China Food and Drug Administration) and received certificates. As a result, many MDs, including the Post Office and the China Railway, have given love calls to the company. In May, it participated in the Cosmo Beauty Fair at COEX, located in Samsung-dong, Seoul, and signed contracts with several buyers from all over the world. In June, all K1-CURE products were approved as a designated venture startup innovation product by the Public Procurement Service. In July, the company opened official accounts on the US Amazon and Qoo10, a global agency purchasing site. In August, Karasadae’s products were introduced at the Beauty Center in Happy Department Store in Mok-dong, and in the same month, it officially provided K1-CURE products at the general film seminar held at KPOP Hotel in Gapyeong. And CEO Kim Jin-sook was also appointed as a member of the national committee to commemorate the 600th anniversary of the King Sejong’s accession to the throne. In September, the company held a pop-up event at Lotte Department Store in Bundang. In October, CEO Kim was appointed as senior vice-president of the Asian Pacific Hair-dresser & Cosmetologist Association held at Harim-gak in Seoul. Also, in the same month, it achieved a triumph of entering the duty-free store at Shinsegae's main store in Seoul. The company also held a pop-up event of ‘Korea Festa,’ a special event at Hyundai Department Store in Seongnam, Gyeonggi-do, and soon participated in the 2018 Osong Cosmetics Beauty Industry Expo as official sponsor. In November, the company held a pop-up event at AK PLAZA in Suwon, participated in the 21st Asia-Pacific International Beauty Competition organized by Macau and Hong Kong. And she was invited as a speaker at the CIAM International Beauty Forum and awarded a plague of appreciation. She also introduced K1-CURE, a system brand that represents the trend of the scalping market and the direction of the scalp, hair loss and hair care market with the theme of ‘NOW IS TIME TO DO SCALP MAKE UP.’ In the same competition, she won the third prize in the Korean national team's CREATIVE EVENING IMAGE section and the first in the STATIC CREATIVE IMAGE section. At the end of December, a pop-up store event was held at Hyundai Department Store Mok-dong, and the company was designated as the official sponsor at the 38th Golden Film Festival. Also, New Women's Club and Karasada Co., Ltd. organized the 6th 'Teen Teen Carol Song Festival’ to help underprivileged young people at the Uiwang City Hall in Gyeonggi-do. In 2019, the company held the pop-up store event at the Hyundai Department Store in Pangyo and won the award in the ‘ Product Innovation Division of Korea Industry Awards’ sponsored by the Ministry of Trade, Industry, and Energy, Ministry of Education and Environment. Also, K1-CURE, the representative brand of Karasadae, was designated as '2019 Seoul Award Excellent Product' by the Seoul Development Agency. Due to this tight schedule, she was considered to be tired but participated in the “2019 Seoul International Sourcing Fair” held at COEX and held a special spring event at a department store in Mok-dong. In May, as in 2018, the company participated in the Cosmo Beauty Expo held in COEX, located in Samsung-dong, Seoul, and has been well received by many buyers and visitors from all over the world. As such, CEO Kim Jin-sook, who had had a hectic time, said, “If everything goes as expected, we are expecting '$10 million export' by 2020, and we are receiving love calls from all countries. In the second half of 2019, we expect a remarkable increase in sales compared to the existing sales.” Like this, there seem to be solid stepping stones in front of the Karasadae’s future movements, but CEO Kim says she will not be relieved. She said she liked the word ‘inspiration,' and she began her volunteering work to give ` inspiration’ to the underprivileged, and the beginning of Karasadae came from her heart to give ‘inspiration’ to her customers. It is said that the object of 'Impression' was only gradually expanded from volunteering activities to the domestic market and then to the global market. Born in a small village in Bonghwa, Gyeongbuk Province, a young girl grew up while growing up in her dreams even though she faced a vast world and had difficulties. As she continues to live a faithful life every day, she has passed the age of fifty years old and is a successful businesswoman who is known as the respected women of this age. Perhaps today's CEO Kim Jin-sook is faithfully keeping her original intention in the heart, sticking to the management philosophy of the service and loyalty that do not expect compensation, and maintaining the true beauty of a female businesswoman. I want to wrap up the short interview hoping that she will be filled with fresh fragrances of flowers for her future adventure. ■ About Karasadae Co., Ltd. Karasadae, a professional scalp care manufacturer for hair loss, announced on July 9 that it has finally launched an ambitious line of basic cosmetics. After many years of research and development, it has completed all the primary lines and is a ‘GAHACOS Lab C. Luminous Solution’ containing a large amount of whitening patent material, ‘COS-VCE.’ Products containing these COS-VCE patented ingredients have the catchphrase 'Whitening Specialized Luminous Solution' and are waiting for the public’s love under the names of 'GAHACOS Lab C. Luminous Rejuvenating Serum' and 'GAHACOS Lab C. Luminous Moisturizing Cream.' These products, already known as K1-CURE, are the brand researched and developed by applying know-how based on the accumulated know-how of Karasadae Co., Ltd. for 24 years and the experience of 17 years of customized cosmetic preparation and 13 years of aromatherapy customized preparation. If you use existing K1-CURE scalp products on your face, it may be a little stronger and have possibility of troubles occurence, but K1-CURE's efficacy and effect are excellent. Thus, industry insiders say that some consumers have used it as a substitute for skincare among users. The company said that it started researching skincare products four years ago when it was difficult to ignore the continued request. In the process, the company began to develop products of 'vitamin C derivatives.' As a result based on the analysis of the efficacy and effects, including the patent for COS-VCE, which is used for the GAHACOS’s brand among vitamin C derivatives, it has been said that the product was not only best suited to the direction of the company's research and development and the atmosphere of the product to be made, but also to be a product with conviction that users can experience a quick effect in a short time. So, it is said that the company decided to make it the final product. Along with this launch, an official said, “The first product, GAHACOS Lab C. Luminous Rejuvenating Serum, contains a high-content of COS-VCE (Ethyl Ascorbyl Ether), which helps restore healthy, transparent skin. It also extracts white rose petals, white wine, and loquat leaves with MSA aging method, which is natural and helps develop moist and elastic skin, and 14 special superfood ingredients nourish the skin. The second product, GAHACOS Lab C. Luminous Moisturizing Cream, extracts red rose petals, red wine, and loquat leaves with MSA aging method, which is natural and gives vitality to the skin and makes the skin healthy and especially banana extracts that contain high amounts of serotonin make the skin moist and elastic, giving it a bright and vibrant skin luster."
Pushing for Systemization and Standardization of Korea’s Chiropractic
The term ‘Chiropractic’ may yet be an unfamiliar word to most of the population. Over 30 years have passed since chiropractic was first introduced to Korea, however, it lingers in a shameful state where non-experts still practice indiscriminately while experts from other medical fields distort the terms, causing misinformation to spread to the public. On top of that, doctors and Korean oriental Medical Doctors who apply chiropractic knowledge still maintain a defensive position on institutionalizing chiropractic and are further building a confrontational stage. Amidst this confusion, Chairman An Jun Yong of the Korean Chiropractic Association, who previously practiced medicine as the director of the Center for Advancement of Immunity-Spinal Nerve Research Center, is taking on his fourth year as Chairman to continue his efforts in globalizing Korea’s chiropractic practices. Chairman An Jun Yong, Korean Chiropractic Association ■ Institutionalization of Chiropractic Based on Professionalism Remains Absolute Necessity The single biggest issue associated with the domestic chiropractic field would without doubt be institutionalization. Korea’s chiropractic history boasts over 30 years of practice and research; however, experts are yet restrained from active proactive practice due to the lack of legal evidence “Chiropractic doctors are constantly struggling with the pressure of criminal suits because they’re not protected by legal evidence. This harsh reality makes it very difficult to call together professionals into a single organization. With the environment being so unfavorable, it’s hard to ask these doctors to stand up for the larger cause when their own livelihoods are on the line.” While spending years actually curing many patients that modern and Korean medicine gave up on, Chairman An naturally began questioning the legal environment that was unusually harsh on chiropractic. “Our members and I have always wished for our patients to live with health and happiness. However, it’s truly regrettable how we are being treated as criminals just for the fact that there is no legal evidence for chiropractic as a medical practice.” On the other hand, doctors who use chiropractic knowledge and techniques are ironically under strong, legal protection. “The government’s explanation is that “The use of chiropractic by doctors who are experts in the human body is safe.” However, Chairman An’s response is that the explanation is nonsensical when domestic chiropractic doctors are required to study over 4,200 hours for their Chiropractic degree whereas the doctors that the government and law support only go through a 30-hour short-term course. This goes against the WHO’s report of guideline for chiropractic safety in 2006 which advises that chiropractic doctors should complete at least 2,200 hours of chiropractic education for their practice to be safe for the patients. Chairman An stating his hopes for chiropractic doctors’ expertise to be acknowledged and backed by official legal medicinal evidence ■ Illegal for Expert with 4,200 Hours of Education, but Legal for Doctor with Nothing? As its definition explains, chiropractors practice personalized physical examinations and diagnoses that fit each patient. On top of that, with rehabilitative and nutritional counsel included, chiropractic care is nothing short of a new field in general medicine. Furthermore, a comparative analysis between minimum required hours for a U.S.-based chiropractic degree or a MD (Medical Degree) shows that a chiropractic degree requires around 150 hours more than a MD with 4,822 hours and 4,667 hours, respectively. If these standards are applied when chiropractic is brought into Korea, there is no reason to refute the professionalism and expertise of chiropractors. Also, a study published on the February 15, 2015 issue of Spine, a medical journal, presented the odds of patients between ages 66 and 99, who visit their doctor for issues in their musculoskeletal system, suffering from injuries in either the head, neck, or torso within 7 days of visitation. According to the study, patients who were cared for by chiropractic doctors rather than general practitioners saw 76% lower odds of injuries. For an accurate picture of the safety of a doctor’s practice and treatment, one only needs to observe the medical malpractice insurance premiums in countries where lawsuits are common- for example, the U.S. In 2011, ordinary doctors spent on average $24,500 per doctor on malpractice premiums while gynecologists spent $46,400 on average per doctor. On the other hand, chiropractors were only subject to $1,500 on average per doctor. In other words, there is no real basis for the misguided claims of unprofessionalism and threat of malpractice regarding chiropractic treatment. “The KCA’s position is simple. Doctors and Korean Medical Doctors must be legally subject to 2,200 hours of education, as recommended by WHO, to use chiropractic treatment. Furthermore, the government must acknowledge the professionalism of chiropractors and thereby provide legal backing as official medical practitioners. The current laws and policies are ignoring experts and putting the safety and health of citizens at risk.” The core of Chairman An’s claims is that “A wide range of options must be guaranteed for people to protect their own happiness and health.” Not everybody wishes for drug and surgical treatment. There are many who wish to use chiropractic treatment that promotes peace and dignity. Chairman An strongly believes that, even just to protect these people’s rights, the government must establish a strong, legal standard for the professionalism of chiropractic. The KCA was first established in 1993 and joined the WFC (World Federation of Chiropractic) as a member in that same year. Since then, he has diligently contributed to the chiropractic community by participating in seminars, international competitions, academic exchanges, bills and petitions, community service, and more. “The WFC headquarters is located in Ontario, Canada. It holds official relations with the WHO. As a proud association officially acknowledged by the WFC, KCA strictly follows the guidelines provided by the WFC and WHO.” Chiropractic is a new field that is undergoing dynamic changes ■ Personalized Care for Each Patient. A New Cure to Lead Society into Centenarian-Age It has been noted that chiropractic care researches and applies optimal responsive care for patients regardless of age, gender, or disease, while also providing counsel regarding diets, posture, and walking posture for cases where physical therapy is not necessary. “Modern chiropractic has long evolved from the skeletal-correction level of care of the past. Now, chiropractic is establishing itself as a medical philosophy that promotes a healthy life through physical, physiological and emotional balance. In developed countries, such as Canada, spinal surgeries are required to be preceded by consultation and care from a chiropractor. The purpose is to prevent social loss through unnecessary procedures. That illustrates just how much chiropractors are being acknowledged.” Opening the Future of KCA Through Education Business Chairman An has a big dream. Of course petitions need to be consistently raised in the National Assembly in order for chiropractic to be admitted as a legal medical field in Korea, however, Chairman An believes that autonomous business activities for capacity enhancement are a bigger priority. For this, Chairman An plans to establish chiropractic curriculums in every domestic metropolitan city and build infrastructure that provides the entire population to acquire theoretical and practical chiropractic knowledge in a systematic and sophisticated way. He has already established an institution in Seoul to train personnel and experts to carry out his plan. “Our goal for the future is not only to discover potential chiropractors in Korea and across the globe, but also to straighten out the distorted knowledge and prejudices of chiropractic and establish a strict manual. While the current environment lacks physical conditions for the Korean chiropractic curriculums to be level with foreign chiropractic degree curriculums, if these curriculums and courses could help young candidates find their path and grow into experts practicing in chiropractic-developed countries such as the U.S. or Canada, that would be enough.” This curriculum is set on a 2-year, 2,500 hour long standard and curriculum inquiries are currently being made in large numbers. “The current issue is perhaps rooted on pains from the past. Now is the time for the Korean Chiropractic Association to look to the future and march. For the next generation of chiropractors and for the ideological, theoretical, and clinical advancement of Korea’s chiropractic, this type of curriculum is an absolute necessity.” ■ Korean Chiropractic Association Leads Way to Globalization Representing South Korea as well as KCA, Chairman An attends the WFC Congresses, the largest event and conference in the global chiropractic world, that are held all over the globe biennially. The 15th Congress of its kind was held this year in Berlin, Germany. Each country presents their national report and Chairman An received wide support after sharing the dynamic progress and current status of South Korea’s chiropractic field. Chairman An states, “KCA is the only domestic association that is consistently keeping up with global professional standards. Based on that, we are seeing a steady increase in our member count. We have been active in our ‘Proper Chiropractic Awareness’ campaign, which aids more and more patients in receiving safe chiropractic treatment, and we also plan to continue our volunteer work throughout 2019.” He further stated his claims to lead the way in uprooting short-term, illegal chiropractic technique seminars and to set the right example country-wide. By determining the authenticity and legality of currently active seminars both domestic and foreign, he plans to give out warnings to improper seminars, followed by member expulsions and license cancellation requests when no corrective actions are taken. He expects such efforts to promote a quicker globalization of chiropractic- not to mention being the quickest route in South Korea becoming a global leader in the field. Furthermore, he plans to raise the level of management and testing to maintain a strict qualification system that allows the temporary CSC (Chiropractic Standardization Course) to achieve success in South Korea. He anticipates the day when his work is answered by the government in the form of admittance of chiropractic as an official and legal alternative medicine. He hopes for his country to catch up to global medical systems that have already admitted chiropractic as an institution, providing their citizens with a wider range of benefits and treatments. KCA (Korean Chiropractic Association) announced their will to endure the realities of current domestic medical environment and grow into a global level chiropractic association ■ Meeting Chiropractic for First Time After Facing Severe Pain Chairman An recollects the time when he suffered from a severe spinal injury. He was a young worker and his life had just started going down in a vicious spiral. “I had graduated from Konkuk University, College of Livestock, and started working in a large-scale farm. I got into an accident and hurt my back and the pain was so severe that I couldn’t event sit down. The hospital kept saying that they couldn’t find a way to relieve the pain and went on repeating meaningless tests. Spending every day in pain and agony really depleted by self-esteem. My life was falling apart. When I was heading for my worst, I accidentally ran into chiropractic. It didn’t get rid of all the pain but slowly my symptoms were getting better. After that, I enrolled in a chiropractic college based in the U.S. with the purpose of ‘Fixing my body, living my life.’” “The college I studied at strictly forbade any practical training for students outside of the regulations. It was to prevent any immature procedures that could actually end up hurting the patient more. One of the most memorable things was the reasons to why my classmates enrolled. They told me reasons and goals that closely resembled that of a medical student back at home. It was proof that ‘chiropractor’ had already settled in the States as a respectable profession.” Ever since he returned home after his study abroad, Chairman An spent his days curing patients and relieving their pains. His only goal was to minimize a patient’s pain, costs, and time spent in agony when it could otherwise be spent on his talents and achievements. “South Korea’s chiropractic has changed dramatically in recent years. It is under rapid systemization and is undergoing refinement as an academic field. That is why I believe chiropractic offers the young generation a great opportunity in their future careers. There is a huge difference in not choosing due to lack of knowledge and choosing another path. One of my main goals in the coming years is to increase the awareness of chiropractic among students through education businesses and public activities to give them a fair chance in getting to know the field properly, which in turn will offer them a fantastic new path in their lives.” In the closing of the interview, Chairman An emphasized ‘professionalism.’ He shed light on the current status of Korean chiropractors’ clinical experience and level of theoretical knowledge surpassing those of other medical doctors. Then, he stressed again his plans to initiate education businesses and academic exchange businesses that pass on these know-hows academically. Around the country, there is an air of bright anticipation for very tangible and definite progress in return for Chairman An’s efforts in promoting far-sighted, wholesome policies that solve the long-overdue issues at hand.
CTO Moon-Ok Cho, “Hdac Will Boost the Korean Industry in the Era of Fourth Industrial Revolution with the Blockchain Technology”
The blockchain has been regarded as the core technology that will lead the fourth industrial revolution, but there is a sharp contrast between the conflicting views on the blockchain technology in Korea. Large companies such as Samsung, Kakao, and SKT have already made dedicated blockchain teams/departments and announced their own business models. However, there is still no government policy to encourage them. In the face of these domestic situations, there is an indigenous company that has entered the blockchain industry as a global player. Dae-Sun Chung, CEO of Hyundai BS&C, a third generation of Hyundai Group, founded Hyundai Pay, a Fintech company in December 2016, and established Hdac Technology, a blockchain technology company in Crypto Valley, Switzerland, in October of the following year to respond quickly to IT trends. Hdac, which unveiled its MainNet in May 2018, pursues a blockchain technology company that can pervade every aspect of markets and industries based on the technology development strategies prioritizing commercialization. For this, Hdac will provide services from blockchain-based B2C services, including a simple payment service or a smart home, which can be easily used by ordinary users to enterprise blockchain solutions that will bring innovation to the industrial field through convergence with innovative technologies such as IoT, AI, FinTech, and Big Data. Hdac said in the press conference in March that it plans to launch a blockchain-based simple payment service and P2P asset-trading service. In addition, the Hdac Enterprise Blockchain Solution can be applied to a wide range of industries including construction and real estate sectors such as smart home, manufacturing sectors such as electronic contracts, purchasing, and production history management, and financial and distribution sectors such as membership points and remittances. Moon-Ok Cho, CTO & CSO of Hdac, in charge of a helmsman as a strategic and technical supervisor in Hdac, which has begun to blow the blockchain innovation in various fields, emphasized the visions for blockchain ecosystem through the interview with ACROFAN. Q1. What do you think about the current status of the domestic blockchain industry? It is true that the domestic cryptocurrency market had been so hot that the so-called ‘Kim-P (abbreviation for ‘Kimchi Premium’, which means that the market price of the domestic cryptocurrency is higher than that of the foreign cryptocurrency) was coined. The abstruseness of the blockchain technology and coin economy brought scammers and speculative forces, and also various negative effects. Due to the speculative frenzy started before the blockchain proved its usefulness, the misunderstandings to view blockchain and cryptocurrency as the same concept, as well as negative publicity about cryptocurrency, have stiffened. Fortunately, domestic companies are doing well. The reason why the blockchain industry in the whole world is paying attention to the Korean market is not just about 'Kimchi Premium'. There have been companies that challenge entrepreneurship in an environment that is not friendly, and I believe that the efforts and intentions of these companies are the driving force for putting Korea in the position of a blockchain powerhouse. In recent years, large corporations in Korea have been making efforts to foster relevant businesses such as building a dedicated blockchain organization, which is a very encouraging phenomenon. Q2. What do you think about a lot of skepticism about the impact of blockchain? A blockchain is a technology that makes transaction information into data blocks and links them, and it prevents data from being forged or falsified through distributed computing method. Therefore, it is the best way to apply to finance or payment services for enjoying the technical characteristics of blockchain. However, these areas are closely related to the national economy and governance of governments, and as such, they are strictly controlled at the national level. That's also why the government takes time to prepare related laws and regulations. However, companies are limited to the development of related business until the institutional framework is established. In addition to financial and payment services, there are areas which can take advantage of the technical characteristics of the blockchain such as services managing important documents including copyrights, legal documents, and contracts, and industrial areas including logistics and trade. Especially, when blockchain is applied to supply chain management (SCM) area, it is expected that the effective value for all the supply chain participants will be very great. In the process of supply, from raw materials to manufacturers, wholesalers and finally end consumers, many processes exist and participants with various roles are involved. The only technology that guarantees the reliability, security, transparency, and scalability of the data generated here is blockchain. The cost reduction by simplifying unnecessary verification procedures and manual work is the main aspect, and the power of the blockchain, combined with technologies such as IoT, cloud, and AI, will be enormous. Q3. It has been quite a while since Hdac had collected substantial funds through ICO in 2017. Isn’t there any materialized business yet? The story of collecting 300 billion won in ICO follows us, but the price was based on the time when the Bitcoin price was over 20 million won. Now, since the bubble has burst, it is time to pay more attention to every step. As we avoid ‘showing off’ marketing activities that deceive people’s eyes and ears like some other blockchain projects, it might have seemed that there is no materialized content, but it is not true at all. Hdac is working diligently and steadfastly to be worthy of the title 'Hyundai Group' and is carefully executing budgets to avoid waste of the funds. As stated at the press conference held in March, Hdac has completed or is carrying out multiple POC projects for Hyundai group companies in various industries. In the public sector, discussions on the actualization of business are underway since the signing of MOU between Busan City and Hyundai Pay in February, and there are still many other things that have not been disclosed yet. I would like to take this opportunity to say that Hdac has worked with Hyundai Heavy Industries to complete the POC for applying the blockchain to the existing electronic contract system, and is currently negotiating the contract of the further project. Q4. It seems that the government still has not decided responses to blockchain. What do you think about it? As long as the blockchain provides the ability to issue a cryptocurrency, it is, in fact, desirable for the government to be cautious about this. It is true that the negative effect of the speculative frenzy of cryptocurrency was considerably big, but the time given to a player in the IT competition is very short. Because the whole world is competing in real time without the border and day and night, it is likely to miss the 'Golden Time'. I think a cautious decision does not necessarily to be long. The operating system installed in most smartphones around the world is Android which was developed by Google and first launched in 2008, or Apple's iOS first announced with iPhone in 2007. Now, even if an outstanding operating system is developed by a Korean company, I think it is almost impossible to go through between them. No one will want to use an operating system that does not have an available app, and no developer will develop an app for an operating system without a user. The similar situation can occur in the blockchain. A major global IT company, Oracle's vice president of the blockchain development group, said in a recent media interview that more than half of the world's enterprises will use blockchain technology in three years. If we cannot avoid blockchain as it is the current of time that cannot be defeated, it may be better to prevent the side effects by putting it in the system. Furthermore, I believe that 'post-Android' could be a blockchain platform developed by a Korean company if the government provides a promotional policy for Korean companies to lead the global market in the long period. Q5. How do you foresee the trends of blockchain market for the next five years? While international standards are important, 'De Facto standards' are more important in the IT field. There are a number of international standards organizations such as IEEE, W3C, GSMA, and ISO, but now, the technologies and services created by open-source projects and companies based on them, Google or Amazon for example, becomes the standards. In other words, when people use it a lot in the real market, it becomes the standard, and we must be able to lead this de facto standard. At present, I think that Etherium is the closest to the de facto standard. Various technology standards starting with ERC become projects, and many developers voluntarily gather here to create a strong ecosystem based on spontaneity. It may be due to the technical superiority of Etherium, but the advantages of 'what people use most' are great. The more users there are, the easier it is to get relevant information. Also, a lot of information will make it easier for new users to come in. It is difficult for such an ecosystem to form in a short time. From this point of view, the future of the blockchain market is likely to become a battle for hegemony. However, it is not easy for followers to take the lead in platform competition, because it depends on how many people use it, rather than how well a particular blockchain is technologically superior. As such, long-term and aggressive promotion policy of the government is urgent. I went to MWC held in Barcelona this year. Although IoT, AI, 5G were the mains, it was not difficult to find companies preparing blockchain technology everywhere. I thought that the blockchain would be in the overall IT industry with IoT and AI at a point in the near future. Blockchain somehow got the spotlight a little early, but it is starting now. Ju-yung Chung, the founder of the Hyundai Group, always said, "Hey, have you ever tried to do it?" I think it is a spirit of the times that we all have to remind ourselves of. ### Moon-Ok Cho, CTO & CSO of Hdac, in charge of a strategic and technical supervisor in Hdac Technology and Hyundai Pay, is a representative FinTech specialist in Korea, who was responsible for ‘T Pay,' the mobile payment service of SK Telecom. In early 2010, he was attracted to the potential of a service model that combines blockchain and FinTech by encountering the blockchain technology for the first time through Hoh Peter In, a professor at Korea University’s Blockchain Research Institute. Moon-Ok Cho is the first-generation architect who introduced SOA(Service Oriented Architecture) to Korea at the time of working at Samsung SDS. Taking the first step into the IT industry as a developer, he has a higher level of understanding and experience than anyone else in both IT and finance, the core attributes of blockchain technology. Recently, he has written a book on Hyperledger development which is to be published.
Intel Announced New Portfolio for Data-Centric Era
Intel hosted ‘Intel Data-Centric Press Workshop’ at Intel Jones Farm Campus in Hillsboro, Oregon, US on March 5 and 6, and introduced Intel's portfolio of solutions for the data-centric era. At the workshop, the technical characteristics of the next generation processors and platforms including Next-Gen Xeon Scalable Processors and Optane DC Persistent Memory were introduced. Changes in IT technology, from IoT, cloud to 5G and artificial intelligence, are creating trends of explosive data growth, and the ability to handle this data is being linked to competitiveness. In addition, transition to cloud computing, increase of the use of AI and analysis, and cloudification of network and edge are driving the demand for change of IT infrastructure. Intel expects to have the largest market opportunity ever in this data-centric era, with a total size of $200 billion. Therefore, Intel introduced plans to offer software and system-level optimized solutions that can process everything, store more, and move faster to prepare for this market. As a new portfolio for the data-centric era, Intel introduced the second-generation Xeon Scalable Processors, a new Xeon D-1600 processor, Agilex FPGA, Optane DC Persistent Memory, Optane DC SSD, QLC 3D NAND-based DC series SSD, and 800 series Ethernet adapter. The new Xeon Scalable Processors, Optane DC Persistent Memory, Optane DC SSD, and Ethernet technologies are expected to provide superior performance and efficiency in a variety of workloads through being tightly coupled in a system-level and optimization of software levels. What’s more, these innovations will be available faster through ‘Intel Select Solutions’ with a proven, optimized configuration. ▲ Lisa Spelman, Vice President of Data Center Group and General Manager of Intel Xeon Processors and Data Center Marketing at Intel Corp. ▲ Intel is leading innovations in all of various solutions for data-centric era. Lisa Spelman, Vice President of Data Center Group and General Manager of Intel Xeon Processors and Data Center Marketing at Intel Corp., introduced the prospect of the recent data growth that the data, which was about 33ZB in 2018, will grow by an average of 25% per year, reaching 175ZB in 2025. She also said that the extension of data center area up to the edge-level is one of the important trends. In terms of growth trends in real-time applications, she stated that they will account for about 30% of the data produced in 2025, with more than 150 billion connected devices running by 2025. As major drivers of these changes, (1) move to cloud computing, (2) growth of AI and analytics and (3) cloudification of the network and edge were mentioned. And in a series of infrastructure configurations ranging from devices to edge, core, data center and cloud, Intel has a 10nm-based ‘Snow Ridge’ for edge, ‘Xeon D’ for cores, and also Xeon processors and FPGA portfolio for data center and cloud. In particular, in the case of edge infrastructures, the model of classifying, processing the data generated by the device on the edge and moving it to the data center became popular. Also, there are many other ways of using such as implementing 5G or AI at the edge level. As for the six pillars of innovation, Lisa Spelman pointed out (1) Process, (2) Architecture, (3) Memory, (4) Interconnect, (5) Security, and (6) Software. In addition, the components for a new data-centric innovation include processing everything through the processors and FPGA, storing more with Optane technologies and others, and moving faster through Silicon Photonics, Omni-Path Fabric, and Ethernet. She highlighted that these values can be offered in an optimized form at the software and system-level through ‘Intel Select Solutions’. On top of that, she stated that in the data-centric era in the future, the four markets including data center, non-volatile memory, IoT & ADAS and FPGA have faced unprecedented opportunities in history, and the rapid change of the markets into new products are expected. ▲ Jennifer Huffstetler, Vice President of Data Center Group and General Manager of Datacenter Product Marketing and Storage at Intel Corp. ▲ The second-generation Xeon Scalable Processors showed some significant changes over the previous generation. Jennifer Huffstetler, Vice President of Data Center Group and General Manager of Datacenter Product Marketing and Storage at Intel Corp., introduced Intel's new product portfolio for the data-centric era. As the common challenges in cloud service providers, communication service providers, and enterprise environment, she explained the implementation of infrastructure that is more secure and can rapidly respond to various changes, handle data more easily, and manage large-scales more efficiently. And she pointed out that 90% of the existing data is generated in the last two years, but only about 2% of the data is actually utilized. As for the requirements for data-centric era, she mentioned propelling insights through workload accelerated performance, business resilience through hardware-enhanced security, and agile service delivery through cloud-scale orchestration. Moreover, she introduced new products for accelerating data-centric transformation; the second-generation Xeon Scalable Processors, new Xeon D-1600 Processor, new Agilex FPGA, Optane DC Persistent Memory, Optane DC SSD, QLC 3D NAND-based DC series SSD product, Intel 800 series Ethernet, and more expanded ‘Intel Select Solutions’. The second-generation Xeon Scalable Processors, codenamed "Cascade Lake," are available in platinum 9200, 8200, gold 6200, 5200, silver 4200 and bronze 3200. The features in this family include enhanced memory scalability through Optane DC Persistent Memory support as well as improved performance, DL Boost capability that can significantly improve AI inference performance, advanced system management and operational technologies, and enhanced hardware-based security Technology. In particular, the second-generation Xeon scalable Processors have a hardware-wise countermeasure for processor security problems found in the previous generation architectures. ▲ The flagship of this generation is Xeon Platinum 9200 series processors with up to 56 cores. ▲ The second-generation Xeon Scalable Processors showed significant performance improvements over previous generations. The new Xeon Platinum 9200 series processors have two dies in a single processor package, enabling high-density configurations of up to 56 cores per processor and 112 cores with maximum two processors. The processor is optimized for HPC, AI, analytics, and high-density infrastructure configurations, providing up to twice the compute density and up to 3TB of memory when configuring two processors. The product family will be composed of 9282 of 56 cores, 9242 of 48 cores, 9222 of 32 cores, and packaged together with motherboard. The second-generation Xeon Scalable Processors provide up to 8-socket glueless connectivity. With additional socket configurations, they could support socket configurations more than that and provide up to 4.4GHz turbo boost clock speed. In terms of memory, they support 16 Gb memory with support for DDR4-2933, which maximum memory capacity can be supported became doubled over previous generations and higher performance than the previous generations. With Optane DC persistent memory, the system memory can be expanded up to 36TB in an 8-socket configuration. On top of that, the processor can show up to 1.33 times the average performance of the previous generation and 3.5 times better performance than that of the system five years ago. What’s more, AI performance with DL Boost technology provides 14 times better performance than that of the early release period of previous generation. In the security area, the second-generation Xeon Scalable Processors have been improved with hardware-leveled countermeasures to kwon weaknesses such as Meltdown, Spectre, and so on. In addition, in terms of encryption acceleration, QuickAssist technology or AVX-512 is used to provide high processing performance, and Optane DC Persistent Memory also utilizes encryption in module units. In addition, a secure operating environment will be provided through a new threat detection technology, trusted execution technology (TXT), or cloud integrity technology. ▲ DL Boost provides more than twice as much AI inference performance as previous generations. ▲ Xeon D-1600 processor for intelligent edge infrastructure As a technology for high-efficiency and agile service delivery environments, Intel introduced DL Boost, which shows more than double the AI inference performance of the previous generation and 14 times the performance compared to the initial release of previous generation Xeon Scalable Processor. Vector Neural Network Instruction (VNNI) based on AVX-512 enables to process the inference operation which took three cycles so far in one cycle, so it performs theoretically up to 3 times. In addition, the second-generation Xeon Scalable Processors and platforms feature a workload-specific product family optimized for the type of workload and also showcase technologies that maximize them. Workload specialized processors with 'Speed Select' technology are identified by 'Y' in the model name, and you can select one of up to three processor configuration presets. This allows you to optimize the processor's operating speed and number of cores, depending on the situation. In addition, there are 'V' series specialized for VM density value and ‘S’ series specialized for search applications. The second-generation Xeon Scalable Processors specialized for NFV (Network Function Virtualization) environment is classified as an 'N' series. Intel Speed Select technology is applied for the series to provide more service capacity and to maximize the performance by assigning specific tasks to specific cores driven at high operating speed depending on workload characteristics. Besides, the 'T' series specialized for IoT and networking features low power, low heat generation and long term use environment. The Xeon D-1600 Processors for edge infrastructures has up to eight cores and a turbo boost operating speed of 3.2GHz and a 1.5x improvement in the base frequency improvement compared to the Xeon D-1500 Processor. It is a one-chip SoC solution with various components integrated, with maximum 30Gbps throughput of encryption, compression and decompression acceleration function, and four 10Gbps Ethernet interfaces. In addition, Intel's new Agilex FPGAs support cache-coherent connectivity with Intel Xeon Processor, enabling more processor-intensive accelerators than traditional PCIe-based FPGA connections. ▲ Memory and storage based on Optane technology tightly fill large gap between storage tiers ▲ Application Device Queues (ADQ) of the Intel Ethernet 800 series greatly improves the latency and throughput of the network. Known as the codename, "Columbiaville", in the network connection, the Intel Ethernet 800 series has a complete programmable pipeline that was implemented partially in the existing 700 series, with the new function, Application Device Queues (ADQ). ADQ is a way to prioritize packet workloads and hardware-wise control them, allowing for more sophisticated QoS compliance and reducing application network latency by 45% and more than 30% of throughput performance improvement. Furthermore, consistent and predictable application response rates can be achieved. In the memory and storage strategy, the plan to newly establish the balance between performance and cost by configuring the gap between DRAM and cold data with Optane DC Persistent Memory, Optane DC SSD, and a QLC 3D NAND-based SSD. As Optane DC Persistent Memory, which is officially supported from the second-generation Xeon Scalable Processors, can be utilized as DRAM expansion or high-speed storage of DRAM class according to the usage method, it is expected to suggest greater possibilities in large-scale VM operations and in-memory analysis. The storage tier provides high availability and resiliency for mission-critical applications and high performance through Optane SSD DC D4800X with dual port interface at hot storage where frequently used data is stored. Moreover, the SSD D5-P4326 based on QLC 3D NAND was mentioned in terms of a cost-effective warm storage level to accommodate increasingly rapid data generation. This SSD uses the E1.L form factor scalable up to 1TB in 1U, so a high density and high capacity storage can be obtained relatively cost-effectively. ▲ The portfolio of ‘Intel Select Solutions’ has also become more diverse. Meanwhile, Intel is offering software and system-level optimized environments to maximize capabilities of processors and platforms. As for the optimized software among them, they provide support across the development environment ranging from the libraries including Math Kernel Library (MKL) and Machine Learning Scalable (MLS) to optimized AI frameworks, parallel programming framework, compilers, profiling tools, and tool suites. In terms of system-level optimized platforms, S9200WK product family for Xeon Platinum 9200, and S2600WFxR, BxR and STxR server systems for the second-generation Xeon Scalable Platform were introduced. As for the support for a highly secure data center environment, security libraries for the data center were introduced. The new features that can be used with second-generation Xeon Scalable Processors include Threat Detection, which uses machine learning and CPU telemetry to detect advanced threats. What’s more, SGX card was introduced as a new option for cloud service providers to simply implement Software Guard Extensions (SGX) environments. It is a PCIe-type card mounted on a general-purpose server based on the second-generation Xeon Scalable Processors, and it can replace the existing SGX server 12 nodes thereby greatly increasing the service density in a secure cloud service. 'Intel Select Solutions' is already proven to reduce the time, effort and cost of deploying, optimizing and verifying the introduction and transition of a new IT environment, allowing you to reduce the time it takes to create value. The portfolio of ‘Intel Select solutions’ with multiple key ISV/OSV partners, system OEM partners and scale partners will include solutions such as SAP HANA, AI Inference, Visual Cloud Delivery Network and HPC AI Converged in the first half of 2019. The existing MS SQL Server Business Operations, MS SQL Enterprise Data Warehouse, VMware vSAN, MS Windows Server Software Definition, Red Hat and Ubuntu based NFVi will be refreshing soon.
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Lee Byung Wook of South Korea Wins IMSTA FESTA’s 2018 Songwriting Competition
The International Music Software Trade Association (IMSTA) today announced that 20-year-old Lee Byung Wook of Seoul, South Korea, has won the 2018 Songwriting Competition hosted by IMSTA, which holds music technology celebrations in cities around the world. Lee first won the Seoul regional finals of the 2018 edition of the IMSTA Songwriting Competition at IMSTA FESTA Seoul and then beat out regional finalists from cities including Los Angeles, Berlin, Chicago, Toronto, New York, and Miami to win the 2018 IMSTA Songwriting Competition and an all-expense-paid trip to Santorini, Greece, to be part of a songwriting camp at the prestigious Black Rock Studios. “The quality of the songs reviewed during this year’s competition was exceptional, and we were impressed by the diversity of genres represented and by the increased presence of women songwriters,” said Ray Williams, managing director at IMSTA. “In the end, Lee’s song was undoubtedly the most remarkable. The young man’s talent is just tremendous. His song and the ease with which he played around with equipment during the Seoul show made it clear that he has put countless hours and immense passion into his craft.” Lee came into the competition as a relative unknown and early on went up against older, more experienced K-pop songwriters from Korea who are already getting their work placed. He delivered a contest entry that outshone every other song at the regional competition in Seoul and later found similar success in the final round of judging. With his song, he demonstrated a mastery of Western pop and his talent working with recording and mixing technologies. Since winning the competition, Lee has been picked up by a Seoul-based production group, becoming a professional member of the field. “We’re proud to shine a light on songwriters from around the globe — even in what some consider out-of-the-way places that might not seem like a source for truly great music,” added Williams. “Lee is an example of how our events can help to bring talent into the spotlight, and we can’t wait to see where he’ll go from here.” Black Rock will be among the first stops along Lee’s future path. A combination luxury villa and world-class recording studio, Black Rock has hosted numerous chart-topping songwriters, artists, and producers. Over the course of four days, Lee will join other songwriters from different cities and countries to write four songs. He’ll have the opportunity to make industry connections spanning the globe and to carry on international collaboration following the songwriting camp.. Further information about IMSTA, IMSTA FESTA, and the IMSTA FESTA Songwriting Contest is available at www.imsta.org
Beijing Cuisine to be on display at the Beijing International Horticultural Exhibition
BEIJING, Aug. 30, 2019 /PRNewswire/ -- On August 30, 2019, the 2019 Beijing Cuisine Appreciation Gala, with the theme Touring Expo 2019 Beijing, Travelling Beijing, Tasting Beijing Cuisine - the Third China Beijing Cuisine Culinary Cultural Festival - is held at the Beijing International Horticultural Exhibition. Beijing Cuisine to be on display at the Beijing International Horticultural Exhibition At the event, the Quan Ju De wheaten food cultural heritage, the knife skills of Dong Lai Shun, the skills of Tong He Ju, the Du Yi Chu's shao-mai technique, and other classical Beijing-style interactive performances will be showcased, bringing new visual and taste experiences to domestic and foreign tourists. Beijing cuisine originated in the Liao and Jin Dynasties, took shape in the Ming and Qing Dynasties, developed in more modern times, and now thrives in the contemporary era. Characterized by cooking techniques such as stir frying, baking and simmering, it is a rich and heavy cuisine, reliant on soy sauce for flavor, and has a crisp taste. Careful selection of materials is paramount, as is meticulous cutting and shaping, as well as preparation and cooking rules. With great cultural significance, this style of cooking combines many flavors, and has very distinct Beijing characteristics. According to Yun Cheng, Chairman of the Beijing Cooking Association, well-known Beijing cuisine stores and the renowned Beijing snacks are popular with people from all walks of life and of all ages. The Beijing Cuisine Culinary Cultural Festival aims to develop, organize and promote the Beijing dietary culture. These moves are designed to ultimately build a strong China Beijing Cuisine landscape, improve the quality of catering in the national capital and nurture the catering market, so that it flourishes, and gives great pleasure to diners. With the Beijing International Horticultural Exhibition as a stage, this event will highlight China Beijing Cuisine, and open the culture of Beijing style to other countries, helping them to experience the spectacular Touring Expo 2019 Beijing, Travelling Beijing, Enjoying Beijing Cuisine, and to prepare a feast so the world can share Beijing Cuisine together. The China Beijing Cuisine at the International Horticultural Exhibition kicks off on August 30 and will continue until October 10. Image Attachments Links:http://asianetnews.net/view-attachment?attach-id=343731 View original content to download multimedia:http://www.prnewswire.com/news-releases/beijing-cuisine-to-be-on-display-at-the-beijing-international-horticultural-exhibition-300909672.html
Allied Wallet Inc Opens New Office in Thailand
NEW YORK--(BUSINESS WIRE)--#alliedwallet--Allied Wallet Inc, a globally leading provider of mainstream online payment processing, recently opened a new office in Bangkok, Thailand to support the overwhelming demand for online payment services. Allied Wallet has shown tremendous growth over the years, extending their payment platform across borders and enabling users to accept countless alternative payment options in every continent. According to export.gov, “The value of Thai e-commerce grew 14% in 2018, reaching $102.13 million, and growth is expected to hit 20% this year.” The quality and reliability of e-commerce services in the region is increasing, and the government is helping to perpetuate that success with their “Thailand 4.0” policy which allocates a budget to construct a broadband network for all of the villages across the country. Export.gov also reports that Thailand is the second largest e-commerce market in Southeast Asia and is expected to grow 22% annually until 2020. Allied Wallet and its new office in Bangkok are supporting the e-commerce growth in the region and are enabling businesses to accept preferred payment options in Thailand such as: PAYSBUY, 123, TrueMoney, and Easy2Pay. While PAYSBUY and 123 are more cash-based, bank transfer type payment options, TrueMoney and Easy2Pay are more e-wallet type payment options. CEO Andy Khawaja of Allied Wallet Inc said, “We are excited and eager to open this new office in Bangkok to support Southeast Asian e-commerce.” He added, “By connecting users and providing support for more payment options, we plan to increase the connectivity between businesses and consumers in the region.” About Allied Wallet Inc: Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com/. Contacts A.J. Almeda E-mail: email@example.com +1-888-255-1137
Ralph Tapscott appointed as Horizon Community Bank’s New President and COO
LAKE HAVASU CITY, Ariz.--(BUSINESS WIRE)--Horizon Community Bank is pleased to announce the Board of Directors has appointed Ralph Tapscott as President and Chief Operating Officer. Mr. Tapscott succeeds Jerry Ernst who will remain as Chief Executive Officer until retiring from day to day management of the bank around the end of the year, as previously announced. Mr. Ernst will continue to serve on the Board of Directors for Horizon Community Bank. Horizon Community Bank is excited to bring Mr. Tapscott back to Lake Havasu City to join our executive team. With over 29 years of executive experience in the banking industry, Mr. Tapscott brings significant experience, insight and depth to our executive team as we proceed with our plans for future growth and expansion. Mr. Tapscott’s expertise in business development, financial controls, commercial credit, risk management and banking operations will enhance our management team. Mr. Tapscott has spent much of his career working with community banks. Most recently, he served as President and Chief Executive Officer for Republic Bank of Arizona. Prior to that, Mr. Tapscott held the position of President and Chief Executive Officer at Mohave State Bank, where he served for 7 years. Mr. Tapscott is active in the community and the banking industry. He has served on the boards of the Arizona Business Council, Phoenix Rotary Club, Lake Havasu City Rotary Club, Arizona Bankers Association, Western Independent Bankers Association and Lake Havasu Area Chamber of Commerce. Mr. Tapscott earned a Bachelor of Business Administration degree in Finance from Texas Tech University as well as being a graduate of the Pacific Coast Banking School, University of Washington. Ralph and his wife Koena are excited to be returning to Lake Havasu City, a place they consider home. Mr. Tapscott will begin duties at Horizon Community Bank in the 4th quarter of 2019. About HCB Horizon Community Bank is a locally owned and operated FDIC insured commercial bank with branches in Fort Mohave, Lake Havasu City, Mesa, Parker, Kingman and Quartzsite, Arizona, plus loan offices in Goodyear and Phoenix, Arizona. It has almost 100 employees and provides high-touch, customized financial services to those in the healthcare, transportation, hospitality, real estate and technology industries, as well as general commercial and consumer services. Horizon Community Bank is a subsidiary of holding company Horizon Bancorp, Inc. This press release may contain forward-looking statements, estimates or predictions deemed “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors such as market, regulatory, economic and other conditions, and may involve risks, assumptions and uncertainties that impact actual results. Undue reliance should not be placed on any forward-looking statements. Horizon Community Bank does not have any intention or obligation to update forward-looking statements, except as required by law. Contacts Becky Goldberg, firstname.lastname@example.org 928-854-3000
Ping An Group Is Selected in Next Generation Artificial Intelligence Open Innovation Platform to Empower Inclusive Finance
SHANGHAI--(BUSINESS WIRE)--The Ministry of Science and Technology (MOST) announced the third list of National Open Innovation Platform for Next Generation Artificial Intelligence and commissioned Ping An Group to develop the inclusive finance platform at the World Artificial Intelligence Conference 2019 in shanghai on 29 August. 10 enterprises were nominated in the list, including also Huawei and Xiaomi. Since the announcement of “Next Generation Artificial Intelligence Development Project”, a total of 15 enterprises have been selected to develop open innovation platforms, and Ping An is the only integrated financial enterprise. Ping An will be responsible for developing and constructing the Inclusive Finance Open Innovation Platform. With years of experience in financial services and expertise cutting-edge technologies, Ping An deeply explores financial scenarios and business challenges, and promotes the innovations and achievements in the financial industry enabling the power of AI technology. “As a 31-year-old integrated financial enterprise, Ping An is committed to driving innovation upholding the growth models of “Finance + Technology” and “Finance + Ecosystem” based on three key technologies including AI, blockchain and cloud, fostering a wide of range of fintech innovations. With its edge in experience, capital, technology and talents, Ping An is able to drive the development of inclusive finance”, said Jessica Tan, Co-CEO of Ping An Group. In the past decade, Ping An invested over 100 billion yuan in the development of 8 research institutes, more than 50 laboratories, and has won over 20 competitions. Currently Ping An tops global financial institutions with 32,000 technical staff and a total of 18,050 patent applications. With a business mode of “one client, diversified products, one-stop service”, Ping An has provided financial products and services for 196 million clients and 576 million Internet users. With 31 years of experience in integrated financial services, Ping An truly understands the pain points of businesses and proactively explores the new value of financial services. Based on its three core technologies, Ping An has already built up capabilities including world-leading AI center, Ping An Cloud open platform and blockchain-powered platform, and launched a series of fintech solutions such as intelligent marketing, intelligent risk management, intelligent products, intelligent operations and intelligent monitoring. As the leading technology cloud platform for financial institutions in China, OneConnect’s Gamma O is the first intelligent open platform specializing in finance vertical, integrating with financial institutions and technology services providers in China. Over 500 technology development enterprises and 300 banks has joined the Gamma O platform. While OneConnect has already served 3,707 organizations in the country, reaching millions of end-clients. Ping An will develop the Inclusive Finance Open Innovation Platform based on Gemma O's capbailities. In the context of current technological and industrial revolution, inclusive finance will help facilitate the sustainability and balance of the financial industry, driving economic transformation. In the next phase, Inclusive Finance Open Innovation Platform will carry out external modularization, AI technology standardization to help address current's difficulties in economic and finance transformation, establish healthy ecosystems and enhance the industry's sustainability to achieve a multi-win situation. Contacts Media: Zhengqi Gao Ping An Technology Gaozhengqi089@pingan.com.cn +86 21 38642313 Silvia Wu LEWIS PATech@teamlewis.com +852 3944 5015 Ron Yiu LEWIS PATech@teamlewis.com +852 3944 5011