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Telecommunications & Media

TTA supports companies\' standardisation push to international standards beyond regulatory sandbox

The Telecommunications Technology Association (TTA) said on Tuesday that ReadyPost and iSciLab, companies approved for ICT regulatory sandbox pilot exemptions, have begun work on international standardisation at the ITU-T. Their proposals were discussed at an ITU-T SG17 meeting in Chongqing, China. ReadyPost proposed a new security framework for electronic document processing services. iSciLab proposed expanding an existing animal authentication standard to livestock.

Telecommunications & Media

South Korea designates 9 ICT regulatory exemptions to spread digital innovation

South Korea\'s Ministry of Science and ICT designated nine ICT regulatory sandbox exemptions after holding its 45th review committee meeting in writing on Sept. 21, it said on Monday. The exemptions include a pilot to use blockchain-based digital currency for payments such as government office operating expenses, which are currently limited to government purchase cards. Exemptions were also granted for electronic notices and online resident meetings in urban renewal projects and KT\'s mobile electronic notification service.

Finance

Higher bar for \'split listings\' to reshape subsidiary IPO landscape

A reform plan on duplicate listings by the Financial Services Commission and Korea Exchange takes effect from Aug. 3, raising hurdles for listing unlisted subsidiaries controlled by listed firms. Spun-off subsidiaries must obtain shareholder approval, while acquired or newly established units face tougher reviews without consent. The plan limits duplicate listings in principle, allowing exceptions only with shareholder protection measures and confirmed subsidiary independence, and imposes five duties on parent boards, along with special committee review requirements.