Bizline Ep47 Take control of the delivery market

Bizline Ep47 [Issue] Take control of the delivery market Korea's delivery industry is growing day by day through a convergence with advanced technologies. According to statistics, domestic food delivery market soared nearly 10 times in 10 years, rising to 6.3 trillion won in 2011 from around 600 billion won in 2001. This is likely because of a continued rise in single-person and two-people households as well as Korean people's preference to seeking faster and easier things. Lately, competition in the delivery application market is getting fiercer. These apps enable users to place orders and pay for the orders with a smartphone. Technologies are also getting increasingly diverse, including ordering food deliveries from smart TV channels with a remote control or tracking location of a delivery person in real time. In Gangnam area where the number of single-person households is the largest in the country and crowded with hospitals and pharmaceuticals, delivery service companies are booming as they deliver food from restaurants that don't provide food delivery services. We will examine the size of Korea's delivery industry and its outlook. [Interview] Argentina's economic crisis and its impact on Korea's economy Interviewee: Professor LEE Doo-won, Yonsei University Argentina's peso plunged about 11% versus the U.S. dollar on January 24, sparking talk of a possible debt default in Argentina. As a result, emerging countries like South Africa, India and Indonesia are highly likely to be hit by accelerated capital outflows. Will the Argentine crisis lead to a series of crises in emerging countries? In case of Korea, it isn't likely to face an immediate crisis thanks to its relatively small investments in Argentine assets and strong economic soundness. However, if the current crisis in Argentina prolongs, it could also be directly or indirectly affected. Bizline will examine what the situation is surrounding Argentina's economic crisis and how much it will affect Korea's economy. [ICT] The era of smart home starts As smartphones are popularized, the smart home technology that remotely controls home appliances at home is evolving. Until now, users who aren't familiar with smartphones had difficulties using smart appliances as they had to access the manufacturing company's server, go through user registration process and download an app. But lately, a domestic research team has developed a technology that enabled installation of apps and user registration at once by simply scanning the product's QR code. In addition, new technologies are being introduced one after another. These includes a technology that communicates with home appliances and controls temperature, standby power and gas via connection to mobile SNS. We pictured a scene from a future house along with evolving smart home technologies. [Hidden Champions] Daeyang D&T, the world's top digital doorlock maker The door lock market is changing from keys and padlocks to digital door locks. The digital door lock age has started, with Korea's digital door lock penetration rate boasting the world's highest at 48%. In particular, Korea's technologies have been selected as the international standard draft by International Electrotechnical Commission. Among many Korean companies, a small- and medium-sized firm Daeyang D&T Co. is leading the global digital door lock market, holding the biggest market share. It has received a KS certification for the first time domestically and is viewed as opening a new chapter of digital door lock culture by adding voice guidance function in 2004 for the first time in the world. It is even developing various technologies to beef up the security of door locks amid security problems related to digital door locks. Let's find out Daeyang D&T's secret to holding the largest market share in the world. [North Korea] Is unification a jackpot? How unification will affect Korea Discussions on the Korean unification are getting heated. Not too long ago, negative perceptions on the unification have been dominant amid worries over unification costs. But after South Korea's President Park Geun-hye called Korean unification a "jackpot," a series of rosy analysis on the unification's economic impact have been released. Optimists say that the economic synergies generated from the integration of the South and North's economies will more than offset the unification costs. Indeed, we will listen to economic experts what economic benefits the unification can bring for the Korean peninsula.