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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s telecommunication regulator said Wednesday that it will impose fines on companies refusing to comply with a probe into the violation of a revised law banning app store operators from forcing developers to use their own in-app payment systems. The move is a follow-up measure to an enforcement [...]
SEOUL, Sept. 8 (Korea Bizwire) — Foreign residents with an F-5 (permanent foreign resident) visa in South Korea will be exempted from fines even if they fail to renew their visa on time due to the COVID-19 pandemic. The Ministry of Justice announced on Monday that foreign residents with F-5 visas will not be levied [...]
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 [...]
SEOUL, Aug. 24 (Korea Bizwire) — A second division club in the South Korean football league on Thursday was ordered to play its next home match behind closed doors after its supporters’ violent behavior. The disciplinary committee of the K League decided that Bucheon FC will have to play their home match against Asan [...]