RICHARDSON, Texas, Jan. 17 (Korea Bizwire) — Today, Fossil Group (NASDAQ:FOSL) announced its plan to sell to Google for $40 million intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group. As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s tax agency launched an investigation into a local office of U.S. tech giant Google Inc. amid rumors of tax evasion by some YouTubers here, industry sources said Wednesday. Earlier in the day, the National Tax Service (NTS) sent auditors and investigators to the headquarters of Google Korea [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea will now be able to impose value added tax on Google, Amazon, and other foreign IT companies. The National Assembly passed a bill to amend the Value Added Tax Act on Saturday, which will allow for the imposition of value added tax on profits raised from online [...]
SEOUL, Nov. 5 (Korea Bizwire) – Smartphones are the ultimate medium nowadays that allow individuals to enjoy most of the content they consume online such as shopping, music, games and social media. The content is distributed through two main channels, Google Play and the App Store by Apple Inc. The former has come to dominate [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean users of Google Play’s application store spent a total of US$11.2 billion over the past 10 years, making Asia’s fourth-largest economy the third most lucrative market, a report showed Tuesday. Google Play, originally known as Android Market, has provided games, applications and other content from its Android [...]
SUWON, Sept. 28 (Korea Bizwire) — A court said Friday it has ordered the South Korean unit of Google Inc. to repay a mother half of the money her son spent on mobile game items using her credit card without her permission. In a suit filed by the mother, the Suwon District Court found the [...]
SEOUL, Sept. 20 (Korea Bizwire) — U.S. Internet giant Google Inc. is estimated to have recorded sales of nearly 5 trillion won (US$4.6 billion) in South Korea last year, a South Korean professor said Thursday. “Google is estimated to have earned around 4.9 trillion won sales in South Korea last year,” said Lee Tae-hee, a [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has said it is working with U.S. Internet giant Google Inc. to offer improved messaging experiences that would allow users to have group chats and video calls and transfer large files without the need for additional apps. The collaboration will ensure that [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korea will mandate that foreign IT companies designate an official in charge of managing personal information, sources said Friday. According to the industry sources, a relevant law was passed through a regular session of the National Assembly a day earlier that makes it mandatory for companies without addresses [...]
SEOUL, Aug. 9 (Korea Bizwire) – The Voluntary Agency Network of Korea (VANK), a non-governmental organization, revealed yesterday that a quick type in the search engine Google (www.google.com) of the keywords “Dokdo,” “Liancourt Rocks,” and “Takeshima” will bring about search results pinned to the geographical location of the East Sea (Sea of Japan) and will [...]