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Samsung’s Presence in the Premium Smartphone Market Declines in Q2

Samsung’s Presence in the Premium Smartphone Market Declines in Q2

SEOUL, Sept. 15 (Korea Bizwire) — Samsung Electronics Co.’s share in the premium smartphone market declined in the second quarter of the year as Apple Inc. solidified its leadership. The South Korean tech giant logged a share of 17 percent in the premium market, where models priced US$400 or above, in the April-June period, down [...]

Google Says it Offers 12 tln Won in Consumer Benefits in S. Korea Annually

Google Says it Offers 12 tln Won in Consumer Benefits in S. Korea Annually

SEOUL, Sept. 15 (Korea Bizwire) — Google said Wednesday it offers around 12 trillion won (US$10.25 billion) in economic benefits for South Korean consumers annually through its services, highlighting its presence in the country amid growing scrutiny from local regulators and politicians over allegations of unfair business practices. During an online recorded event, the tech [...]

Google Fined 207 bln Won for Anti-competition Practice in Mobile OS market

Google Fined 207 bln Won for Anti-competition Practice in Mobile OS market

SEOUL, Sept. 14 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to fine global tech giant Google 207.4 billion won (US$176.8 million) for pressing smartphone makers into only using its Android mobile operating system. Since 2016, the Korea Fair Trade Commission (KFTC) has been looking into Google over allegations it obstructed [...]

Kakao Creates 300 bln Won Fund for Small Merchants amid Growing Scrutiny over Market Dominance

Kakao Creates 300 bln Won Fund for Small Merchants amid Growing Scrutiny over Market Dominance

SEOUL, Sept. 14 (Korea Bizwire) — South Korean internet giant Kakao Corp. said Tuesday it has decided to form a 300 billion won (US$256.2 million) fund for small merchants and scrap some of its services that compete against them, in a move to appease growing scrutiny from regulators and politicians over its rapidly expanding online [...]

S. Korean Law Banning Google and Apple’s In-app Purchases Welcomed by U.S. Firms

S. Korean Law Banning Google and Apple’s In-app Purchases Welcomed by U.S. Firms

SEOUL, Sept. 3 (Korea Bizwire) — A U.S.-based group of companies is celebrating the passing of the revised bill of the Telecommunications Business Act in South Korea to curb the sway of Google and Apple when it comes to app store fees. One U.S. game developer welcomed the news, calling himself “a Korean.” “As President [...]