Latest news with #CloudSecurityAssuranceProgram
Korea Herald
24-03-2025
- Business
- Korea Herald
US tech lobby flags Korea's map data ban as unfair trade barrier
The Computer & Communications Industry Association, a Washington-based international nonprofit organization, has raised concerns over South Korea's ban on exporting high-precision map data in a submission to the United States Trade Representative. As US President Donald Trump has pledged to rectify unfair trade practices against the US and directed the USTR to investigate such matters, speculation is growing over whether Washington will pressure Seoul on the issue in upcoming bilateral tariff negotiations. In its submission to the USTR on March 11, the CCIA mentioned Korea multiple times. 'Exporting map data requires approval from the Korean government. To date, Korea has never approved the exporting of map data, despite numerous applications by international suppliers," the association's comment read. 'Korea's restrictions on the export of map data continue to disadvantage foreign providers that offer apps and services that rely on map-based functions — such as traffic updates and navigation directions — from fairly competing against their Korean rivals,' it further argued. Estimating that Korea accounts for about 1.6 percent of total US digital service exports, the CCIA asserted that these regulations threaten about $130.5 million in annual revenue for American mapping service providers operating in the Korean market. Google previously requested permission from the Korean government to export high-precision map data. However, the government has denied such requests, citing national security concerns. The IT company made similar appeals in 2007 and 2016, both of which were rejected due to fears that the combination of maps and satellite imagery could expose military installations and other sensitive sites. The CCIA also criticized Korea's Cloud Security Assurance Program, saying that it acts as a market barrier for US cloud service providers. CSAP is a certification system ensuring the security of cloud computing services, serving as a prerequisite for supplying cloud services to public institutions. Furthermore, the CCIA highlighted that Korea's regulatory framework requires major US online content providers to bear responsibility for network performance, forcing them to pay significant fees to Korean telecom operators. Regarding platform regulations, the CCIA claimed that Korea is modeling its legislative efforts after the European Union's Digital Markets Act, which poses considerable barriers for US companies. The association also noted that some proposed laws appear to grant preferential treatment to Chinese firms over their American counterparts. "The CCIA's position was recently released, and since it is an internationally sensitive issue, various aspects still need to be reviewed. As of now, the government has no official stance to announce," said an official from the National Geographic Information Institute. The Trump administration has previously designated Korea as an unfair trade partner on multiple occasions, applying pressure through tariff-related measures. The US is set to announce new reciprocal tariffs on April 2, considering various nontariff barriers. Ahead of this decision, the USTR is gathering industry opinions on regulations imposed by foreign governments that American businesses find unjust.
Associated Press
06-02-2025
- Business
- Associated Press
SpaceBank Leads AI DX Innovation, Setting Sights on Global Markets
Woney Lee, CEO of SpaceBank Woney Lee, CEO of SpaceBank Since its establishment in 2018, SpaceBank (CEO Woney Lee) has been at the forefront of AI RPA (Robotic Process Automation) solutions, positioning itself as a digital transformation (DX) specialist IT company focused on DNA (Data, Network, AI). SpaceBank provides solutions that analyze and utilize data through a DataOps-based low-code development methodology. It designs customized DX roadmaps for its clients. The company is pivotal in advancing AI DX technology by addressing key management challenges. One of its flagship solutions, 'AIoT Wright,' is an intelligent security and monitoring system combining AI and IoT. It integrates data from various sensors, including fall detection, heart rate, respiration, temperature, humidity, and vibration, making it applicable in smart hospitals, factories, and buildings. The solution is currently deployed in facilities such as the Baekdudaegan Arboretum, a national security site, and Incheon's 2nd Municipal Dementia Nursing Home for safety and human care purposes. Another notable offering, the intelligent integrated monitoring solution AIoT Wright GX, collects, analyzes, and standardizes heterogeneous sensor data in real-time to build dashboards that assist decision-making. Recently certified with Cloud Security Assurance Program (CSAP) approval, it is now equipped with robust security systems suitable for use in public institutions. SpaceBank's DX solution brand, 'RAIID,' delivers AI-, RPA-, and data-based SaaS solutions that support data processing and task automation. RAIID, offered in a Robot-as-a-Service (RaaS) format, is extendable to diverse sectors such as logistics robot monitoring, smart factories, and patient safety monitoring. By leveraging low-code technology, SpaceBank achieves efficient digital transformation while significantly reducing costs and time. Compared to traditional high-code approaches, the company's systems can be built with 1/20th of the resources, delivering fast and flexible user-customized data. These innovations have been recognized with Grade 1 software quality certification (GS) and designation as an innovative procurement product by Korea's Public Procurement Service. SpaceBank is also making strides in domestic and international markets. The company showcased its solutions at consecutive MWC events in 2023 and 2024 and engaged in discussions on digital collaboration with the UAE's Minister of AI during the Expand North Star exhibition in Dubai. Building on this momentum, SpaceBank is strengthening its global sales network to accelerate entry into Middle Eastern and other international markets. Photo provided by SpaceBank Headquartered in Pangyo, the heart of IT innovation, SpaceBank directly engages with technological trends and the industrial ecosystem to establish a foundation for global business. As a resident of the Seongnam Global Convergence Center, the company benefits from extensive networking and marketing support, laying the groundwork for sustainable growth and global expansion. With plans to go public within five years, SpaceBank is set to solidify its position in domestic and international digital transformation markets. As a leader in AI DX, the company continues to spearhead digital innovation and embrace future challenges.
