South Korea

SECON 2019

SECON 2019 is the biggest professional B2B security event as well as comprehensive security platform, which helps you to grow your business through extensive network and robust meetings with distributors, SIs, installers, retailers, and influencers playing at distribution and procurement market in Asia.

The View From The Cloud At The Winter Olympics

Temperatures here in Montreal have once again settled into the low negative 30s. Rather than complain, we embrace the cold and head outside. And this year, it’s with the added benefit of getting ready for the 2018 Winter Olympics in Pyeongchang, South Korea. To be fair, we are not all Olympic athletes able to compete in bobsledding, skeleton, or moguls. But we do feel like winter sports are an essential part of our everyday lives. We feel personally connected with the event, and, for me, this extends to issues of security. A few years ago, I had the opportunity to talk with Juliette Kayyem, a professor who teaches on homeland security at the John F. Kennedy School of Government at Harvard University. At the time, she said something that has stayed with me ever since: “If you want to have a perfectly safe Super Bowl, don’t have a Super Bowl.”

POC (Power of Community) Hackers Conference (Seoul)

Welcome to the home of POC. POC started in 2006 and has been organized by Korean hackers & security experts. It is an international security & hacking conference in Korea. POC doesn’t pursue money. POC concentrates on technical and creative discussion and shows real hacking and security. POC wears both black hat and white hat. […]

ONVIF Holds 16th Developers Plugfest In Québéc City

ONVIF®, the leading global standardization initiative for IP-based physical security products, hosted its 16th ONVIF Developers’ Plugfest (ODP) May 10–12 in Québéc City, Québéc, at the Delta Hotel Quebec City in the Old Town district. With multiple testings of ONVIF conformant products, the Developers’ Plugfest offered interoperability testing for five ONVIF profiles, including the Release Candidate of Profile A for broader access control configuration, which is scheduled for final release this summer.

Samsung Electronics and Affiliates Agree to Sell Shares of Samsung Techwin to Hanwha Group

As published previously on SecurityHive, Samsung Electronics announced that it has entered into an agreement to sell its shares of Samsung Techwin to Hanwha Group. With the stock purchase, Hanwha Group will become Samsung Techwin’s largest shareholder. Samsung Techwin has achieved incredible growth globally in the professional security industry over the past several years.

Carlyle To Buy Tyco South Korea Security Unit For $1.93 Billion

March 3 (Bloomberg) — Carlyle Group LP agreed to buy Tyco International Ltd.’s fire and security business in South Korea for $1.93 billion, the country’s largest private-equity buyout deal in U.S. dollar value in more than five years. Tyco is selling Tyco Fire & Security Services Korea Co. and units that form the ADT Korea security business, the company said today. Switzerland-based Tyco said net cash proceeds are expected to be $1.85 billion, and the board added $1.75 billion to its stock buyback authority, for a total of $2 billion. “ADT Korea is a highly stable and profitable business with attractive market positioning, strong brand power and excellent cash flow profile,” Sanghyun Lee, managing director on the Asia buyout team for Washington-based Carlyle, said in a statement. Lee said South Korea’s security industry is “under- penetrated.” Carlyle’s purchase follows investments of more than $920 million of equity in 17 transactions in South Korea as of Dec. 31, 2013 and is also the largest private-equity buyout in the country since 2008, according to the company. The firm’s current and former investments in Korea include KorAm Bank, Hyundai HCN, EO Technics, Tapex and Yakjin Trading. Equity for the transaction will come from Carlyle Asia Partners IV and Carlyle Partners VI, Carlyle said. Carlyle Group has committed debt financing from Korea Exchange Bank, Kookmin Bank, Industrial Bank of Korea, Korea Investment & Securities and UBS AG. Stock Reaction Carlyle fell 2.2 percent to $35.47 at 11:38 a.m. in New York as major […]

Hikvision Safeguards Korea With Specialist PTZ Cameras

10-02-2014 Hikvision, along with the Korean National Police Agency recently designed an IP video surveillance system for public safety usage. More than 750 units of Hikvision’s DS-2DF7286-A 2MP network IR PTZ dome cameras are installed in Seoul and adjacent suburbs in South Korea. These Hikvision cameras are primarily tasked with coverage of streets, intersections, and other vital infrastructure locations, to provide a safer environment for both vehicles and commuters. This solution also serves as a deterrent against theft and other related crime, as well as a useful aid in police investigations.  Hikvision PTZ cameras provide a 360° endless pan range and a -10° to 190° tilt range of view. These cameras offer a 30x optical zoom capability to help police with observing the required detail needed for distant vehicles and suspicious individuals. Additionally, the PTZ cameras provide surveillance at distances of up-to 150 meters, even in total darkness. Of special note is the smart tracking function, which helps detect moving objects and follow them within the camera’s area of coverage without fault. Integrated with existing network video recorders and VMS from local suppliers, Hikvision’s PTZ cameras provide a total VPMS (Video Privacy Management System) solution. This system represents an irreplaceable tool for the concerned Korean National Police Agency, and ensures that while citizens are being protected, their personal privacy is not being violated. Email: overseasbusiness@hikvision.com For more information: www.hikvision.com Show all news about Hikvision Digital Technology Co., Ltd. » Home News Product Suppliers Service Providers Associations Products Linked Companies Security […]

KKR, Bain Among Bidders For Tyco’s South Korean Unit

KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6bn, people familiar with the matter said. Billion-dollar buyouts are rare in Asia, but security companies, when they come up for sale, tend to attract much interest from private equity firms as they are valued for their stable revenues. According to Reuters , a sale of ADT Caps, would follow Bain’s $3.4bn purchase of European security firm Securitas Direct in 2011 and Blackstone Group’s acquisition of US firm Vivint Inc for more than $2bn last year. Other bidders for ADT Caps include CVC Capital Partners CVC.UL as well as Hong Kong-based Affinity Equity Partners and South Korea’s MBK Partners, the sources said, declining to be identified as the process is confidential. KKR, Bain, CVC and MBK declined to comment. Tyco and Affinity did not respond to emails seeking comment. Morgan Stanley is advising Tyco on the sale, the sources said. Morgan Stanley declined to comment. Tyco, a provider of commercial fire and security systems, became a much smaller company after the diversified conglomerate Tyco International split up last year. Its North American home security arm, ADT, became a separate company and its former flow control unit merged with Pentair Limited. ADT Caps had earnings before interest, depreciation and amortization of $160m as of the end of September 2013. The business is expected to fetch around $1.6bn, based on a ten […]

Axis Cameras Help Secure Korean Airport Customs Workload

Source: Axis Communications | Date: 11/14/2013 Related tags: AXIS , airport management solution , X-ray scanners , airline security management Mission Gimhae Customs, located in Gangseo-gu, Busan, has jurisdiction over Gimhae International Airport, the gateway to Korea’s southwestern area which handles an average of 75 airplanes, including Korean Air and Japan Airlines, carries 9500 passengers. Gimhae Customs imports repair parts, communication devices and marine engines, small quantities of urgently needed samples and advertising items, exporting agricultural and marine products. The nature of the air cargo needs to be handled efficiently and rapidly while blocking the inflow of illegal items. Separate reading rooms are used for each of the 4 X-ray scanners without surveillance cameras caused difficulty for workforce management, with no separate monitoring system, leading to frequent disputes about lost and damaged items. To resolve these problems and proactively respond to changes in environment of the airport, Gimhae Customs introduced a suitable monitoring system to enhance surveillance competency Solution Gimhae Customs wanted a solution to minimize civil complaints and enhance speed and accuracy of monitoring and tracking, Gimhae Airport surveillance system is using Axis P5534 and Axis P3304 for capability of smoothly interfacing for more unified operations while providing high-definition video surveillance for clear and intuitive monitoring. The International Arrival Hall’s special environment and low ceiling height, a camera with ability to monitor a wide area is required for each carousel. Axis partner Darwin System used high-definition network cameras and built an effective system capable of monitoring all processes […]