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 [...]
SEOUL, Nov. 16 (Korea Bizwire) — More than seven out of every 10 South Koreans support the government’s fine imposed on those not wearing masks in public spaces, a public opinion survey showed Monday. A new rule came into force last Friday, subjecting those who fail to wear a mask in public to a 100,000 [...]
SEOUL, Nov. 1 (Korea Bizwire) — The Seoul metropolitan government will begin imposing fines of 100,000 won (US$88) on those who do not wear face masks in public next week, a measure aimed at preventing the spread of the coronavirus. Enforcement of mandatory mask wearing will begin Nov. 13 after a one-month trial period, officials [...]
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 [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korea will impose a fine on people who fail to wear face masks in public spaces and on transportation starting Nov. 13 to better combat the coronavirus pandemic, officials said Sunday. The general public will be required to wear masks on public transportation and at demonstrations as well [...]
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 [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it imposed a record fine of 51.2 billion won (US$46.7 million) on the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — for providing illegal subsidies to subscribers to their 5G network services. SK Telecom will face [...]
SEOUL, June 4 (Korea Bizwire) — The Ministry of Health and Welfare has a bit of welcome news for smokers who are caught smoking in non-smoking areas and face the risk of paying a huge fine. Starting from Thursday, smokers will see their fines reduced by 50 percent if they attend anti-smoking education classes. In [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday fined food delivery app Yogiyo 468 million won (US$381,947) for exploiting its dominant position in the local market. The Fair Trade Commission (FTC) also ordered Yogiyo to take some corrective measures, saying that the company unilaterally introduced a scheme to prevent its contracted [...]
SEOUL, Dec. 4 (Korea Bizwire) — A Seoul court ruled in favor of South Korea’s antitrust regulator Wednesday, saying that the watchdog’s 2016 decision to impose a record fine on U.S. chipmaker Qualcomm Inc. for unfair business practices was justifiable. The ruling will be a setback for Qualcomm, which challenged the Fair Trade Commission’s (FTC) [...]