fines Archives | Be Korea-savvy
Google Slapped with 42.1 bln-won Fine for Unfair Practices in App Market

Google Slapped with 42.1 bln-won Fine for Unfair Practices in App Market

SEOUL, April 11 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to slap a fine of 42.1 billion won (US$31.8 million) on Google LLC and its regional arms for unfair business practices aimed at solidifying its dominance in the Korean mobile gaming app market. The punishment came as the U.S.-based global [...]

Gov’t to Impose 150.9 Billion-won Fine on Hyundai Oil Bank for Toxic Discharge

Gov’t to Impose 150.9 Billion-won Fine on Hyundai Oil Bank for Toxic Discharge

SEOUL, Jan. 6 (Korea Bizwire) — The government plans to slap a 150.9 billion-won (US$118.9 million) fine on the country’s leading refinery, Hyundai Oil Bank Corp., for discharging wastewater with unsafe levels of toxic materials, officials said Friday. The fine is around 1 percent of the company’s annual sales and is the largest amount ever [...]

Local Retailer of Japanese Fashion Brand Uniqlo Fined over Misleading Ads

Local Retailer of Japanese Fashion Brand Uniqlo Fined over Misleading Ads

SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has decided to impose a fine of 153 million won (US$108,000) on a retailer of popular Japanese fashion brand Uniqlo over misleading advertisements. The penalty on FRL Korea Co., which sells Uniqlo products in South Korea, came as it exaggerated the performances [...]

Google, Meta Together Fined Record 100 bln Won for Unauthorized Personal Data Collection

Google, Meta Together Fined Record 100 bln Won for Unauthorized Personal Data Collection

SEOUL, Sept. 14 (Korea Bizwire) — The Personal Information Protection Commission (PIPC) on Wednesday slapped a combined fine of 100 billion won (US$71.9 million) on Google and Meta Platforms for collecting personal information without users’ consent and using it for personalized online advertising and other purposes, officials said. In a general meeting, the commission approved [...]

Korea Fair Trade Commission Fines Doosan Infracore for Taking Advantage of Suppliers

Korea Fair Trade Commission Fines Doosan Infracore for Taking Advantage of Suppliers

SEOUL, Jul. 24 (Korea Bizwire) — The Korea Fair Trade Commission revealed yesterday that Doosan Infracore, the construction machinery manufacturing arm of the conglomerate Doosan Group, was fined 379 million won for the theft of technology owned by a supplier after an attempt at imposing lower prices for products supplied by its subcontractor. The commission’s [...]