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Mercedes-Benz Korea Seeks Cancellation of Fine for Emissions Manipulation

Mercedes-Benz Korea Seeks Cancellation of Fine for Emissions Manipulation

SEOUL, Feb. 2 (Korea Bizwire) – Mercedes-Benz Korea has requested a Seoul court cancel a multibillion-won fine imposed on the company for manipulating diesel emissions in the country, judicial sources said Tuesday. The German carmaker filed a lawsuit against the environment ministry in October with the Seoul Administrative Court, seeking the cancellation of a 77.6 billion-won (US$69.3 [...]

S. Korea Fines Facebook 6.7 bln Won for Sharing Users’ Info Without Consent

S. Korea Fines Facebook 6.7 bln Won for Sharing Users’ Info Without Consent

SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s information watchdog on Wednesday fined Facebook Inc. 6.7 billion won (US$6 million) for passing information of at least 3.3 million South Koreans to other companies in its first crackdown on the U.S. tech giant. The Personal Information Protection Commission (PIPC) said Facebook violated the country’s personal information [...]

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

SEJONG, Oct. 6 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday accused Naver Corp., the nation’s biggest search engine, of manipulating search algorithms in favor of the company’s online shopping site and imposed a 26.7 billion-won (US$22.9 million) fine. The fine, announced by the Korea Fair Trade Commission (KFTC), is the nation’s first that [...]

Hyundai Heavy Fined 970 mln Won for Unfair Trade

Hyundai Heavy Fined 970 mln Won for Unfair Trade

SEOUL, July 26 (Korea Bizwire) — South Korea’s largest shipbuilder, Hyundai Heavy Industries Co., was fined 970 million won (US$805,000) for unfair trade with its subcontractors, the country’s antitrust watchdog said Sunday. The fine levied on Hyundai Heavy is the biggest-ever for acts of misusing technologies from other companies. Hyundai Heavy has stolen technologies used [...]