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Sat, November 17, 2018 | 23:54

Opinion > Blogs > New Technologies & The Law >

The legal status of online game items in Korea

Computer games, which used to be regarded as simple amusements, have evolved to offer a whole other world to the players of today.

New Technologies & The Law | 2018-05-13 10:19

Tax for 'sharing economy'

A sharing economy is an economy based on products and services being shared and used by several people. Specifically, it means that a person with sufficient goods, production facilities and services can rent them out to others, thus constituting shared consumption.

New Technologies & The Law | 2018-05-06 13:02

Development of fintech and Korean government's position

Fintech is a new word that comes from the fusion of “financial” and “technology”. Mobile banking and mobile payment technologies, which many people use nowadays, are examples of fintech.

New Technologies & The Law | 2018-04-28 10:36

Why Uber is having hard time in Korea

Uber, the leading global car-sharing platform, is having hard time in Korea. The company started business here in 2013. As elsewhere, Korean taxi drivers have been resistant. Unfortunately, Uber Korea was unable to withstand this pushback.

New Technologies & The Law | 2018-04-22 13:44

What's all this about General Data Protection Regulations?

Recently, there has been a controversy about Facebook users' personal information being leaked. Although it has not been decided whether Facebook was neglectful, Facebook suffered discredit for failing to act responsibly to protect the personal data of its users. The data, it has been suggested, was used to sway opinions in the British referendum on leaving the EU and the 201...

New Technologies & The Law | 2018-04-15 10:23

Significant meaning in Switzerland's ICO Guidelines

On February 19, the Swiss Financial Market Supervisory Authority (FINMA) announced its ICO Guidelines. They have attracted attention from all over the world for two reasons.

New Technologies & The Law | 2018-04-07 10:17

What does Korean law say about identity theft?

Identity theft is the deliberate use of someone else's identity, usually as a method to gain financial advantage or obtain credit and other benefits. Under Korean law, just pretending to someone else is not a punishable offence, but there are acts commonly involved in identity theft for which regulations have been put in place.

New Technologies & The Law | 2018-04-01 10:37

Cryptocurrency and the law

It should not be too much of an exaggeration to say that 2017 was the year of cryptocurrency, with Bitcoin leading the pack. The craze and hot debate on cryptocurrencies have continued this year. As cryptocurrency trading overheated and Ponzi schemes and fraudulent deals involving cryptocurrencies occurred, Korean regulators declared in a series of press releases that they wo...

New Technologies & The Law | 2018-03-25 09:22

Why no taxation on cryptocurrency trading in Korea?

The American polymath Benjamin Franklin famously wrote: “In this world, nothing can be said to be certain, except death and taxes.” This famously paraphrased quotation refers to the fact that people cannot live without paying taxes to the state, and there is no way to evade taxes if they earn income.

New Technologies & The Law | 2018-03-08 18:34

Legal protection from ubiquitous cameras

Photos of you and me pour daily into social media such as Facebook, Twitter, Instagram among others, as well as in traditional publications and broadcasting media. Whether professionally, or not, many people take pictures on the streets and in other public places. However, for street photographers, there exists a significant issue to worry about _ the issue of possibly infrin...

New Technologies & The Law | 2018-03-04 10:28

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Choking on worsening air pollution