Securities companies are responding to the plan to strengthen the soundness regulation on the large-scale IB of the Financial Supervisory Commission. It is a complaint that restricting corporate loans to new or innovative companies or adding soundness regulations can put the hands and feet of large IBs in charge of the role of venture capitalists into a state of 'shut down'. 

The Finance and Administration Innovation Committee (hereinafter referred to as the "Innovation Committee"), a private advisory body to the Financial Services Commission (FSC), announced on 20th that it would recommend strengthening the soundness of large-scale IBs and restricting credit grantees. 

The ministry said it would limit loans to large startups or start-ups, such as large-scale IB loans, and require bank-level prudential regulations and investor protection measures. 

These reform recommendations seem to have taken some countervailing response to the banking system against the large IB business. In the meantime, the bank has adhered to the opposing position that the issuance billing business of the super large IB broke into the bank's own domain. 

Large IBs with more than KRW4 trillion in equity capital can issue bonds with maturity less than one year based on their own credit within two times of their equity capital, and then use the funds raised by investors to finance corporate and real estate financing. 

Big IBs see a kind of shackle as a recommendation by the innovation committee to limit corporate loans to start-ups.

An IB official at a brokerage firm said, "The companies that are willing to borrow money from brokers until they pay a higher price have been turned away from the bank," he said. It is the role of capital. " 

Another brokerage firm official said, "Big IBs have to provide customized financial support from the beginning of the company to the growth and maturity periods of the company," he said. "It is not possible to demand that credit is limited to start-ups. "He said. 

However, there is a view that it is unlikely that the recommendation for the innovation council is compulsory and that the financial authorities are not going to handle the current system for large-scale IBs. 

Most of the case, startups like to have quick loans but there are not many banks or financial service firms that offer fast services. Even if they provide all documents and they still have to wait weeks to get the fund from them. 

An official from the Financial Investment Association said, "Instead of expanding the corporate credit limit to 100 percent of its capital and expanding it to 200 percent, the proposed amendment to the ultra-large IB was limited to lending only to SMEs for an increase of 100 percent. "We also have restrictions on companies." 

Meanwhile, five securities firms, including Mirae Asset Daewoo, NH Investment & Securities, Korea Investment & Securities, Samsung Securities and KB Securities (based on first-tier equity capital rankings) were designated as super large IBs.

One of the factors that determine the success of global market entry is the business strategy for localization. Especially, the localization work of content companies, which plays a big role in the language and culture of the country like video games, is an essential element for success.

The game localization company Altagram, born in Berlin, Germany in 2013, provides a one-stop solution to help global game companies settle in, including game translation, dubbing, localization evaluation, and localization marketing. Demand for AltaGram services continues to increase as global game success is dominated by localization as well as game quality.

Altagram, which is planning to enter the Asian market beyond Europe, is currently participating in the Kaystat Upper Grand Challenge 2017 with a domestic start-up accelerator venture port. The company plans to establish its position as a game localization solution company in the Korean market. We met with Camilla Belcaïd Le Flem, Managing Director of Altagram Asia and heard about Altagram's solutions and the Korean game market.

"Alta grams offer everything from simple text translation to graphics, audio, style, and marketing localization, all for game settlement. The more you focus on this localization, the higher the quality of the game and the more satisfied the players are.

Altagram has been localizing more than 3,500 games with large global game companies such as Blizzard, Supercell, and SEGA as well as Indy Games. Localization work will involve a team of AltaGram headquarters experts, 600 freelance translators, and more than 80 partner studios. "We run our own studios directly in Berlin and collaborate with our global partner studios to provide high-quality audio and dubbing services for each locale," Kamiya said.

Kamiya also mentioned Localization Quality Assurance and Localization Quality Evaluation as main services of Altagram. The local native language team performs language-focused localization such as texts and logos, and a team of experts and a local freelance tester, who is a team of experts, evaluate and evaluate the game's localization evaluation. Kamiya said, "Even if the game has already been localized, it can improve the quality of the game by evaluating the localization quality and culture level once more."

"Our client companies, SuperCell, Blizzard, and other large global companies are most concerned with the quality of their games. I also make great efforts to localize the game so that players feel like they are being respected in the game. So I think the game of these game companies can succeed. "

Altagram also takes transparency into service delivery. We have differentiated ourselves from other competitors by presenting transparently to customers how many people are involved and what kind of work they take when offering localization services.

If so, at what stage should game localization work? Kamiya advises that it is good to think about localization from the early stage of game development or from the middle stage. "Usually, we put all the resources into game development and hurry to localize a few weeks before launch," says Kamiya. "It's an unavoidable part of the game, but you should be careful because the quality of the game may deteriorate." said.

Kamiya is currently traveling to Korea and Germany to advance into the Korean market, and plans to announce the name of Altagram in Asian markets including Korea this year. In fact, Altagram has been participating in G-Star every year since its establishment in Korea, and has established a positive relationship with Korean game companies. "I participated in G-Star for the first time this year. I was really impressed by the Korean game market. The reason why Korea is so good is that it is open to technology and that you can watch games anywhere. The game environment is very good "

Kamiya pointed out that although the domestic game industry environment is better than any other country, the somewhat conservative attitude of domestic game companies is a factor preventing global success. Kamiya said, "Although Korean game companies make good games, they do not feel the need to advance into the global market." Of course, success in the domestic market is enough, but it is more conservative It seems to be a factor preventing the big growth, "he said.

Altagram hopes that this excellent Korean game will not only stay in Korea but will also stand out in the world through the solution of Altagram. Atagram has collaborated with domestic companies such as domestic game companies Kakao Game, NCsoft, 4:33, and next game to help them localize overseas.

Kamiya said, "We will establish a formal branch office in Korea this year and select additional Korean employees so that we can improve our business presence in Korea."

Gyeonggi Province's content sector, the company's initial investment in the 'NEXEED' fund, which was created to invest in the company, is similar to 'Superman Fund' in operation. Superman funds and NEXEED funds, which are in operation to invest in venture businesses in the province, lack the distinction between investment and support companies, and it is necessary to supplement specific standards for fund support. 

According to the 2018 budget data analyzed by the Gyeonggi Provincial Budget Policy Officer on April 4, in order to expand investment in start-up content businesses in the province's content sector, which is relatively difficult to secure funds, the company plans to establish Nexed Funds 1 and 2 of 38 billion won in May 2016 did. Donated 5 billion won out of 18 billion won for the first NEXEED, and 2.2 billion won out of 20 billion won for the second. By the end of the year, the company will invest 3 billion won to build a third fund of 19 billion won.

However, the Budget Policy Officer analyzed the 12 companies that invested in Nex Seed Funds No. 1 and No. 2. As a result, it is pointed out that they are differentiated from those of Superman Fund investing companies, which have been operating since 2015 to foster small businesses and venture companies in the province. In fact, W has received investment support of 500 million won for the production of 'O2O service for imported cars' in No.1 seed fund No.1, and it has already received 700 million won in investment by introducing the same product in Superman Fund No.1. M company (1.9 billion won), which received investment support from Superman fund, is a mobile content producer. T company (500 million won) is a company that invests in a new seed fund by developing game software and mobile game W and D companies (300 million won, 500 million won, 1.5 billion won) are similar fields. In addition, the problem of the relatively low investment of the NEXEED Fund in the province is added. 

Among the 12 investment companies of NEXEED Fund 1 and 2, there are 5 companies within 7 years of the start-up period, and only 1.9 billion won (23%) out of the total investment amount of 8.2 billion won was invested in the enterprises in the early stage of establishment. Unlike the initial goal of initially investing in companies, there are three companies with more than 10 years of establishment, so it would be necessary to consider how to adjust the company's business to less than three years after the start-up. 

"The Supreme Mortgage Fund and the NEXEED Fund should clearly define the areas in which they want to invest, so that as many investment companies as possible can benefit from the investment support," said the Budget Policy Officer, "We need to look for ways to strengthen active investment support for companies in the province."