GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology



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HAMBURG, GERMANY – NEWSAKTUELL – 3 Aug 2020 – The blockchain technology is one of the most discussed innovations of the digital transformation of economy and society, which is comprehensively implemented by GSB Gold Standard Banking Corporation AG. According to Josip Heit, this is the only reasonable way for the future, from an uncontrolled to a sustainable regulated market.

 

GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology



GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

   

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With features such as decentralisation, reliability and counterfeit protection, the block chain technology opens up a wide field of innovative applications and new forms of cooperation.



 

A block chain is a continuously expandable list of data records, also known as “blocks”, which are linked together by means of cryptographic procedures. Each block typically contains a cryptographically secure hash (scatter value) of the previous block, a time stamp and unalterable transaction data.



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The block chain technology was developed based on the vision of a decentralized distributed system that would replace centralized instances and enable transactions to take place directly between the participants in the network.
Over the past ten years, a substantial technological and economic development has taken place. By means of block chain technology, all conceivable values, rights and obligations in tangible and intangible goods can be represented by tokens and their tradability and exchangeability can potentially be simplified.



 

By far not the only use case for block chain technology is that of the crypto currency. With the sharp rise in the prices of many a crypto currency and the new form of financing known as Initial Coin Offerings (ICO), public interest in block chain technology has grown.

Recently, applications beyond cryptocurrencies have been coming more and more into focus. In the Federal Republic of Germany (FRG) and the European Union (EU) a dynamic ecosystem of developers and providers of blockchain-based services has emerged. Thus, not only Germany has a promising basis for the development of a token economy.



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With so-called tokens (hardware components for user identification and authentication), all conceivable values, rights and obligations in tangible and intangible goods could be represented and their marketability simplified.



 

In order to achieve this goal, GSB Gold Standard Banking Corporation AG has long strived to ensure that applications based on block chain technology are compatible with applicable law and to prevent abuse.

 

According to Josip Heit, this requires the creation of an investment- and growth-oriented regulatory framework in which market processes function without government intervention and the principle of sustainability is guaranteed.



 

Where block-chain applications offer clear added value over existing solutions, especially in terms of user-friendliness for citizens and companies, public administration should act as a lead user in individual cases, provided that it is ensured that confidence in secure and reliable action is not damaged. The development of competencies in this basic technology contributes to digital sovereignty, not only in Germany and Europe, but worldwide.



 

With this strategy, GSB Gold Standard Banking Corporation AG also pursues a regulatory policy that creates incentives for investment, releases innovative forces, ensures stability and thus contributes to inclusive growth that is also compatible with the sustainability goals of the German Federal Government.



 

The following 10 (ten) principles guide the actions of GSB Gold Standard Banking Corporation AG and its CEO Josip Heit

 

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1) Promote innovation:


GSB Gold Standard Banking Corporation AG promotes digital innovations through its own technical departments, in particular to strengthen competitiveness in a future-oriented market. Only with entrepreneurial innovations can an economy maintain its leading position in the future and only with digital innovations can the public sector fulfil its function in the digital age. The use of block chain technology releases economic potential and other innovative forces.


 

2) Initiate investments:



In the opinion of GSB Gold Standard Banking Corporation AG, clear and stable framework conditions should be created which represent an attractive and secure investment environment.



 

3) Guarantee stability:


In terms of economic policy, GSB Gold Standard Banking Corporation AG pursues the overriding goal of maintaining macroeconomic equilibrium in line with the stability of the financial system without competing with it.


 

4) Strengthen sustainability:


GSB Gold Standard Banking Corporation AG uses block-chain applications in accordance with sustainability and climate protection goals.



 

5) Enabling fair competition:


It is a central concern of GSB Gold Standard Banking Corporation AG to support a level playing field for technologies. The principle of technology neutrality guides our actions.



 

6) Deepen the digital single market:


The developments in Germany are in a compelling relationship with developments in the entire European Union. Only with a completed Digital Single Market Germany will remain globally competitive in the long term.



 

7) Involve stakeholders (interest groups):


For GSB Gold Standard Banking Corporation AG, the integration of the knowledge of developers and users for the governmental framework is fundamental for comprehensive strategy development. By conducting online consultation, GSB Gold Standard Banking Corporation AG involves companies and civil society organizations in the development of the block chain technology strategy.



 

 

8) Guarantee IT security and data protection:


Only if block chain applications meet the IT security requirements recommended by experts and the legal requirements of data protection, risks can be minimized, misuse prevented and a high level of acceptance achieved. This is the maximum effort of GSB Gold Standard Banking Corporation AG and its CEO Josip Heit.



 

9) Provide for adjustments:


Due to the high speed of technological development, further action and the intervention of state institutions may become necessary in the future. Against this background, GSB Gold Standard Banking Corporation AG understands the block-chain strategy as a learning strategy which must be reviewed and developed further at regular intervals.



 

10) Electronic securities:


The German Federal Government, according to information provided by GSB Gold Standard Banking Corporation AG, proposes to open German law to electronic securities. The currently mandatory requirement of the documentary embodiment of securities (in paper form) will no longer apply without restriction. This regulation of electronic securities is to be technology-neutral, which GSB Gold Standard Banking Corporation AG fully supports, since, according to Josip Heit, only comprehensive regulation provides security for the user.


 

The German Federal Government has recently, on 7 March 2019, initiated a consultation process with the publication of a key issues paper and aims to publish a draft law in 2020.



 

Josip Heit and GSB Gold Standard Banking Corporation AG fully welcome this consultation process of the German government and look forward to a period of sustainable regulation within this financial sector.




 

GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology



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GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

 - Brand SpurGSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

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GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

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Latest News

Spackman Entertainment Group’s Upcoming Musical Film THE BOX, Starring EXO’s Chanyeol, Scheduled To Be Released In The Spring Of 2021

  • Following the art film STONE SKIPPING, THE BOX is the next film production of the Company's wholly‐owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐chan
  • THE BOX will be EXO's Chanyeol's first lead acting role in a film
  • Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX is set to be screened in Korea in the spring of 2021
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SINGAPORE - Media OutReach - 3 March 2021 - Spackman Entertainment Group Limited ("Spackman Entertainment Group" or the "Company" and together with its subsidiaries, the "Group"), one of Korea's leading entertainment production groups, wishes to announce that its upcoming musical film THE BOX, produced by the Company's indirect wholly-owned subsidiary, Studio Take Co., Ltd. ("Studio Take"), is set to be released in Korea in the spring of 2021.


Following the art film STONE SKIPPING, THE BOX is the next film production of Studio Take, which was founded by veteran movie producer, Mr. Song Dae‐chan.

THE BOX is about the musical journey of an aspiring singer and a once popular producer.

Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX stars EXO's Chanyeol who plays the aspiring singer and Jo Dal Hwan who acts as the once popular producer. This is Chanyeol's first lead role for a Korean commercial film. Jo Dal Hwan is known for his role in SECRET HEALER (2016), TRAFFICKERS (2012) and THE CON ARTISTS (2014).


About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 by Charles Spackman, is one of Korea's leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world's fourth largest box office market in 2019, behind only North America, China and Japan.


The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL's wholly-owned Zip Cinema Co., Ltd. ("Zip Cinema") is one of the most recognised film production labels in Korea and has originated and produced some of Korea's most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema's motion pictures include some of Korea's highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com


SEGL also owns Novus Mediacorp Co., Ltd. ("Novus Mediacorp"), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.


The Company owns a 100% equity interest in Simplex Films Limited ("Simplex Films") which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including A BOLT FROM THE BLUE (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. ("Take Pictures") which produced STONE SKIPPING (2020) and shall release THE BOX and GUARDIAN (working title) in 2021 tentatively.


The Company owns a 100% equity interest in Greenlight Content Limited ("Greenlight Content") which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group's first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy horror film.


Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.


The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. ("Frame Pictures"). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea's most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

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