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Sat, September 22, 2018 | 18:01

Opinion > Blogs > New Technologies & The Law >

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

Blockchain and new legal questions

The boom in virtual currency investments has highlighted increased interest in cryptocurrencies in general, and in blockchain, their underlying technology.

New Technologies & The Law | 2018-02-22 16:28

When will we see self-driving cars in Korea?

The Korean government systematically supports the commercialization of autonomous vehicles. It announced a plan in May 2015, and from February 2016 authorized autonomous vehicles have been tested.

New Technologies & The Law | 2018-02-15 16:00

Government's role in innovation limited

I got my first job at a social venture in 2010. Social ventures, also known as social enterprises, are a new type of business that aims to create social value as well as economic value.

New Technologies & The Law | 2018-02-09 13:44

How to fly a drone in Seoul

Flying a drone in Seoul is restricted because the population is so dense because the Presidential Blue House and major military facilities are located within the city. So it is almost legally impossible to fly a drone within Seoul city limits. In fact, as shown in the picture below, most of central Seoul is a prohibited airspace (P-73A and P-73B), and the area north of Seoul ...

New Technologies & The Law | 2018-02-01 17:10

Don't ban cryptocurrencies

Generally, laws that regulate new technologies appear well after the technologies are popularized, and this also is true in Korea. Such regulations are generally designed to reduce adverse effects on society from these new technologies, since it is naturally only after their introduction and dissemination throughout society that we can gauge any side effects.

New Technologies & The Law | 2018-01-19 09:48

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Inter-Korean Summit in Pyongyang