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Samsung’s Lee Seeks Future Opportunities with U.S. Partners in Chips, Software

Samsung’s Lee Seeks Future Opportunities with U.S. Partners in Chips, Software

SEOUL, Nov. 23 (Korea Bizwire) — Samsung Electronics Co. Vice Chairman Lee Jae-yong has met with the chiefs of Google and Microsoft to discuss future cooperation in chips, software and others, Samsung officials said Tuesday. The meetings earlier this week with Google CEO Sundar Pichai and Microsoft CEO Satya Nadella came as the world’s largest [...]

App Store Operators to Face Fine of Up to 2 pct of Revenue in Violation of Billing Law

App Store Operators to Face Fine of Up to 2 pct of Revenue in Violation of Billing Law

SEOUL, Nov. 17 (Korea Bizwire) — App store operators will face a fine of up to two percent for forcing developers to use their own in-app payment systems, the country’s telecommunications regulator said Wednesday. Under the enforcement decree of the revised law aimed at curbing Google Inc. and other app store operators’ dominance, such app [...]

Google Says it Offers 12 tln Won in Consumer Benefits in S. Korea Annually

Google Says it Offers 12 tln Won in Consumer Benefits in S. Korea Annually

SEOUL, Sept. 15 (Korea Bizwire) — Google said Wednesday it offers around 12 trillion won (US$10.25 billion) in economic benefits for South Korean consumers annually through its services, highlighting its presence in the country amid growing scrutiny from local regulators and politicians over allegations of unfair business practices. During an online recorded event, the tech [...]

New Law Takes Effect Curbing App Store Payment Dominance of Apple, Google

New Law Takes Effect Curbing App Store Payment Dominance of Apple, Google

SEOUL, Sept. 14 (Korea Bizwire) — A South Korean law aimed at curbing the influence that Apple Inc. and Google have over payment systems in their app stores went into effect Tuesday, the country’s telecommunications regulator said, marking a victory for many local developers. The new law, the first of its kind globally, bars app [...]

Google Fined 207 bln Won for Anti-competition Practice in Mobile OS market

Google Fined 207 bln Won for Anti-competition Practice in Mobile OS market

SEOUL, Sept. 14 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to fine global tech giant Google 207.4 billion won (US$176.8 million) for pressing smartphone makers into only using its Android mobile operating system. Since 2016, the Korea Fair Trade Commission (KFTC) has been looking into Google over allegations it obstructed [...]

S. Korean Law Banning Google and Apple’s In-app Purchases Welcomed by U.S. Firms

S. Korean Law Banning Google and Apple’s In-app Purchases Welcomed by U.S. Firms

SEOUL, Sept. 3 (Korea Bizwire) — A U.S.-based group of companies is celebrating the passing of the revised bill of the Telecommunications Business Act in South Korea to curb the sway of Google and Apple when it comes to app store fees. One U.S. game developer welcomed the news, calling himself “a Korean.” “As President [...]