PUBLISH partners with S. Korea’s Newspaper Voluntary Disclosure Organization to build disclosure system for the media industry

4 Aug., 2021

PUBLISH is pleased to announce that it has concluded its first meeting with the IDI (Institute for Voluntary Data Disclosure by Internet Newspapers). The meeting was held on 2 August 2021 at the IDI’s office in Yeouido, Seoul.

During the meeting, the two organizations agreed to research and develop a standard for evaluating the influence and journalistic transparency of digital news sites. They also expressed an interest in making the disclosure system available outside of Korea.

Commenting on the agreement, IDI Chairman Geunyoung Lee said, “The most important thing when it comes to creating a disclosure system is the objectivity and transparency of disclosure standards. I believe that PUBLISH, with its blockchain and media expertise, fact-checking patent, and international network will prove essential in helping us build a comprehensive disclosure system based on solid disclosure standards and practices.”

PUBLISH CEO Sonny Kwon stressed the importance of developing such a system. “The media is contending with an ongoing credibility crisis and readers don’t know where to look anymore for reliable information”, he said, “We desperately need a solution, and that’s why I’m dedicating an entire team to this effort. As a member of WAN-IFRA [World Association of News Publishers], we also aspire to make the solution available to publishers outside of Korea.”

The IDI was established on 15 March 2021 as a response to growing calls for transparency and accountability in the media industry, under the Ministry of Culture, Sports and Tourism.

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