Home » News » Topics

Security Market in South Korea

Security Market in South Korea

Security market in South Korea, the Convergence of physical and cyber security, South Korea on the path becoming an AI powerhouse and A glimpse into the 2020 Korean security market are the topics the coming report by Secon 2020, Member of the Global IFSEC Group and Asia’s leading integrated Security Exhibition, that will be held from the 18th till the 20th March in Hall 1-3 at KINTEX Korea, goes into.

Enjoy your reading!

SOUTH KOREA ON THE PATH BECOMING AN AI POWERHOUSE
“A strong and clear announcement regarding artificial intelligence (AI) was made by president Moon Jae-in during the DEVIEW 2019 Conference held at COEX Convention Centre (Seoul). By proposing a new ‘artificial intelligence national strategy’ this year, the president’s government is striving to take lead in the global AI sector. In addition, as a response to the fourth industrial revolution, Moon’s administration has already assigned 1.7 trillion won (US$1.4 billion) for the coming year’s data, network, and AI sectors. This ambitious investment is clearly the president’s efforts to make South Korea the powerhouse of AI”, they underline from Secon 2020.

SECURITY MARKET IN SOUTH KOREA AND THE CONVERGENCE OF PHYSICAL AND CYBER SECURITY
“The demand for security convergence is on the rise as 4th Industrial Revolution factors such as Smart Factories, Smart Cities, and 5G commercialization urges communities to form a more connected society. This concept of a more connected society also applies to physical and cyber security, which makes the boundary between those two even harder to define. The South Korean government is planning to create the world’s first ‘5G Plus Strategy’, which introduces and develops the ten essential strategies as well as the demonstration of the five main services of the 5G technology. This shows the government’s strong will in obtaining global competitiveness through this advanced technology. The development of AI, Deep-learning technology, Big Data, IoT, and ICT all contribute to the convergence of physical and cyber security, where AI and Intelligent surveillance are the main sectors. Intelligent surveillance systems made its appearance in 2010, using movement and rule-set based pattern analysis. However, the system’s reliability was often very low with false positives. The video analysis error rate reached up to 28.2%, in which the system was incapable of adapting to various environmental changes. Despite its shortcomings, the system is now improving rapidly as deep-learning technologies continue to evolve. A good example of this is the face recognition system, which is now almost as accurate as the human eye, at the accuracy rate of 95%. However, as the hyperconnected society draws near, their defence system against cyber attacks is also being enhanced. Starting off with the commercialization of 5G technology, concrete actions are being taken in order to form a new security infrastructure. Oh Yong-soo, Director of Cyber Security Policy Bureau, at the Ministry of Science and ICT, points out that “Cyber attacks are threatening the real world, in which information, communication, and network-based attacks are paralyzing systems, extorting personal information, and reaching the stage where even wrecking the economy is possible”. Furthermore, cyber security threats are now being expanded into a new 5G technology-based industry, causing harm to one’s life and safety, as well as the economy at large. 

Korea takes the lead in the world’s security convergence trend, enhancing the security of the converging industry
The Korean government had laid the groundwork for the converging industry’s security enhancement as well.  Along with security guidelines developed for each field of the converging industries, a master plan for a continuous security enhancement, IoT, and converging industries was also carried out. Furthermore, a test-bed for IoT, IoT product security test and its certifications are also being provided. In particular, the government decided to provide development opportunities for the five main areas:

①Smart Factory ②Autonomous Vehicle ③Smart City ④Digital Healthcare ⑤Immersive Content.

Smart City- Both ‘Hacking’ and ‘Security’ must be considered
A CCTV’s surveillance has become a very important resource in the 4th Industrial Revolution, where a CCTV Integrated Control Centre can be referred to as the ‘library’ of all relevant data. Video data analysis and reprocessing can both be used to provide services to Smart Factories and Smart Cities. As many are already aware, CCTV surveillance data has become an indispensable factor for constructing Smart Cities. However, not can CCTVs solely be used for surveillance, but by applying ICT, the entire city can stay connected- traffic, facility information, security-disaster monitoring and prevention can all be managed by one integrated management system. However, this integrated management system is currently not yet completed as it is in the process of searching for the common boundary between the market’s demand and technical competence.

The concept of physical and cyber security intelligent surveillance
The concept of physical and cyber security intelligent surveillance are both similar in a way that they react to threats by using big data analysis in real-time. In physical security, it is defined as categorising atypical and typical data or collecting the status metadata and IoT data in order to generate an outcome through deep learning. Intelligent surveillance in cyber security refers to the collection of data from each information security system and perceiving threats, through correlation analysis of various events and improving its responsiveness.
An intelligent surveillance increases the control efficiency of both physical and cyber security, which assists the controller to fulfil his tasks. Although physical and cyber security are currently divided into two separate systems, experiencing both from the same platform might be possible in a hyper connected society.

‘Selective surveillance’- A downsized but advanced intelligent surveillance system
Amongst various attempts, the one which catches the eye is the ‘Selecting surveillance’- the subcategory of the intelligent surveillance system. Since the number of CCTVs being installed in local governments is on the rise and it is becoming more difficult for the controllers to control the countless number of events, it is crucial to introduce an AI based solution in order to reduce the loss of life and property as well as to provide a more reliable security service. In a Smart City, its ICT based network is formed throughout the entire area. To construct the city’s safety net, the effective control and quick response between all CCTVs and their smartification are crucial. As a result, the country’s CCTV Integrated Control Centre is becoming a place for AI based ‘Selective surveillance’, in which the integration of AI face recognition in surveillance is found. The video surveillance sector, which is the core of the 4th Industrial Revolution, aims to provide intelligent video security sensor service by merging with biometric identity solutions. The service plans to target single person households and the aging population, substantialising a welfare centred safe and secure society, with crime and disaster prevention and swift responsiveness. Furthermore, the unification of smart homes, building management and, financial services may result in a new profitable industry. Depending on the importance of video surveillance systems, video security and cyber security may also be integrated”, they say from Secon 2020.

A GLIMPSE INTO THE 2020 KOREAN SECURITY MARKET
“According to the 2019/2020 Security Market Analysis by BOANNEWS and SECURITYWORLD, the Korean security industry’s market growth in the year 2020 looks positive. The 2019 ASEAN-Republic of KOREA Commemorative Summit, has elevated our expectations for expanding our business into the ASEAN market. Next year looks much more vigorous, in which the converged physical and cyber security takes the lead in developing a new field. This will be supported by the advancement of 4th Industrial Revolution technologies such as AI, Deep learning, Big Data, IoT, and ICT.


Secon 2020_Korean Security Market


2020 Video Surveillance Market
Despite the threats from China, the establishment of CCTV Integrated Control Centre and the 5 connected services of the integrated Smart City platform, as well as the development of 5G automatic driving, and all other surveillance system and applications of data, will play a huge role in contributing to a more energetic 2020. 

2020 Biometrics Market
In 2019, facial recognition technology was applied to various areas and its development was brought into the spotlight. On the other hand, fingerprint and iris recognition systems made continuous attempts in order to survive in the security market, where market growth and overseas expansion was the target for many. The biometrics market looked positive in the year 2019 and will remain so in 2020 as well.

2020 Access Control Market
Despite the withering the economy, Korean access market in 2019 was able to obtain various fingerprint and iris recognition competence as well as new integrated security solutions. Therefore, the access control market, along with the biometrics identity solutions are expected to gain more vitality in the year 2020.

2020 Integrated Security Market
The main headline of this year’s integrated security service market is without doubt Smart Cities and the utilization of 5G technology. On April 4th, South Korea’s three main mobile carriers (SK Telecom, KT, LG U+) released 5G smart phones, proclaiming the official start of 5G technology services. 2020 will indeed be a hectic year for the integrated platform of Smart Cities, the five interlocked services responsible for the establishment of the social safety net (â‘  112 Police- Emergency video surveillance support  â‘¡ 112 Emergency dispatch support  â‘¢ 119 Emergency dispatch support â‘£ Disaster safety support  ⑤ Social minorities), and the integrated security service market. The service provided will be a much more diversified one with numerous exploitations and support.

2020 Information Security Market
The Korean Information Security Market in the year 2020 looks positive in general. The whole world is showing great interest for information security, where consolidating laws related to information security and its organizations, will affect the industry’s development immensely. In addition, information security was announced as one of the government’s Top 10 targets regarding 5G Technology and the market is looking forward to its developments in 2020”, they end from Secon 2020.

by the Editorial Staff

Share this post with:
Events


WebTV

Latest videos from our channel.


S NewsLetter

Stay up to date on the latest security news.

I've read the privacy policy.