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Homegrown Internet Companies Strongly Oppose So-called ‘Netflix Act’

Homegrown Internet Companies Strongly Oppose So-called ‘Netflix Act’

SEOUL, Sept. 9 (Korea Bizwire) — After the enforcement ordinance for the revision of the Telecommunication Business Act, the so-called ‘Netflix Free Ride Prevention Act,’ was unveiled, South Korea’s homegrown Internet companies voiced strong concerns about key provisions such as service maintenance and application standards. The enforcement ordinance of the Telecommunication Business Act, announced on [...]

S. Korea’s Notebook PC Market Robust in Q1 Despite COVID-19

S. Korea’s Notebook PC Market Robust in Q1 Despite COVID-19

SEOUL, June 23 (Korea Bizwire) — Despite the outbreak of the coronavirus dealing a major blow to the world economy, South Korea’s notebook PC makers reported better-than-expected first-quarter results in the domestic market primarily thanks to the ubiquity of online classes and the increase in telecommuting. Of note, LG Electronics Inc. enjoyed a sharp increase [...]

Computers Re-enter List of Top 10 Export Items in Q1 amid Rising Teleworking

Computers Re-enter List of Top 10 Export Items in Q1 amid Rising Teleworking

SEOUL, April 23 (Korea Bizwire) — Computers made the list of South Korea’s top 10 export items again in the first quarter of the year amid the spread of teleworking due to the coronavirus outbreak, data showed Thursday. South Korean exports of computers and related products came to US$3.18 billion in the January-March period, accounting [...]