Connected Car, Expansion of Information Sharing

Yugyeong Jeong Recently, as the Internet has been combined with automobiles, ‘connected cars’ have begun to appear in which drivers share and utilize various information. A connected car is a vehicle that enables two-way communication by connecting information and communication technology to the vehicle. Connected cars communicate in real-time with other vehicles, transportation and communication […]

Accounting Frauds in Korea

Lim, Do Yeub In 2017, Korea ranked 63rd place out of 63 countries in the accounting transparency ranking conducted by the International Institute for Management Development. Unlike its economic status in the world, Korea’s accounting credibility level is still close to that of developing countries. Accounting fraud problems are one of main reasons for this […]

All about ‘NFT’

DONGGYU LEE The word ‘NFT’ that you hear a lot these days, what exactly is this NFT? NFT stands for ‘Non-Fungible Token’. The fungible tokens each have the same value and function. They can be exchanged with each other, and if a 1:1 exchange of the same unit occurs, it is the same as if […]

What is Decentralized Finance(DeFi)?

Part 3: Difficulties and Implications DONGGYU LEE   [ What are the challenges DeFi is facing ] 1) Poor performance: Blockchains are inherently slower than centralized models. The same goes for applications running on top of the blockchain. DeFi application developers should optimize their services to account for these limitations. 2) Risk of user error: […]

Apple TV + and Disney +: What to watch?

Minjun Son 2021. 11.23              Following Apple TV +, Disney + landed in Korea today, further expanding the OTT universe. #Apple TV +, the number of episodes is small, but the completeness is guaranteed              Since launching in the United States two years ago, Apple TV + has consistently featured high-quality series featuring popular stars. […]

What is Decentralized Finance(DeFi)?

Part 2: Where to Use DONGGYU LEE   [ How DeFi is used ] 1) Loans and rentals   The open lending protocol is the most popular type of application in the DeFi ecosystem. Open and decentralized lending system have many advantages over traditional credit systems. This enables instant transaction execution, digital assets can be […]

How Is the New Auditing Law Doing So Far?

Lim, Do Yeub It has been three years since the first implementation of ‘The New External Auditing Law’. The Financial Services Commission declared the new law about external audit of corporations in November 2018 for the purpose of enhancing the credibility of accounting. Compared to the law that existed before, three key points are added […]

What is Decentralized Finance(DeFi)?

Part 1: Meaning and Benefits DONGGYU LEE [ What is DeFi ]   Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications running on a blockchain network. Specifically, decentralized finance refers to a movement to create a transparent financial service ecosystem that can be used by anyone and operates without any central […]