SEOUL, Nov. 6 (Korea Bizwire) – A new report has revealed that global technology companies like Google and Meta may be substantially underreporting their earnings in South Korea, resulting in significantly lower corporate tax payments than their actual market presence would suggest. According to a report released on November 5 by professors Jeon Seongmin of Gachon [...]
SEOUL, Sept. 30 (Korea Bizwire) – Google, which dominates internet traffic in South Korea, is facing criticism for its substantial carbon footprint and alleged evasion of social responsibility, according to a report by a South Korean lawmaker. Kim Woo-young, a Democratic Party representative in the National Assembly’s Science, Technology, Information Broadcasting, and Communications Committee, revealed that [...]
SEOUL, Jan. 24 (Korea Bizwire) – A Seoul court ruled Wednesday against the American technology company Google in a suit the company filed to cancel an antitrust fine imposed for forcing smartphone makers to install its Android OS system. The Fair Trade Commission slapped a fine of 224.93 billion won (US$167.97 million) on Google LLC, [...]
SEOUL, Jan. 18 (Korea Bizwire) — Google said Thursday its new image-based search feature for premium Android smartphones, including Samsung Electronics Co.’s latest Galaxy S24 series, will be launched later this month. The new function, named “Circle to Search,” will be available to users of Google’s Pixel 8, Pixel 8 Pro and Samsung’s Galaxy S24 [...]
SEJONG, Nov. 7 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has launched a fact-finding effort concerning Google’s alleged unfair practices, which include monopolizing the digital advertising market and engaging in ‘gapjil,’ a term referring to an arrogant and authoritarian attitude or actions by individuals or businesses in positions of power. According to industry [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korea’s telecommunications regulator said Friday it seeks to slap up to 68 billion won (US$50.42 million) in combined fines against Alphabet Inc’s Google and Apple Inc. for their violation of the country’s in-app payment laws. In August 2022, the Korea Communications Commission (KCC) launched a probe into Google [...]
SEOUL, Aug. 17 (Korea Bizwire) — U.S. tech giant Google has invested a cumulative 118 billion won (US$87.9 million) to incubate nearly 500 South Korean startups and help them go abroad, a company official said Thursday. Google’s ChangGoo Program — launched in 2019 in cooperation with the Ministry of SMEs and Startups — is aimed [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has sent a formal letter to Google LLC on its decision to slap a fine of 42.1 billion won (US$31.4 million) on the U.S. tech giant for unfair business practices aimed at solidifying its dominance in the local mobile gaming app market. [...]
SEOUL, July 13 (Korea Bizwire) — U.S. tech giant Google has seen great potential for artificial intelligence (AI) technologies in South Korea, as it has chosen Korean as its priority service language besides English for its AI-based chatbot, Bard, a senior company official said Thursday. “With Bard launched in Korean in 2023, this is one [...]
SEOUL, June 6 (Korea Bizwire) — KakaoTalk and Naver, two popular platforms in South Korea known as the “people’s messenger” and “people’s portal,” respectively, are facing a growing challenge from global tech giants. KakaoTalk’s position as the top platform for monthly active users (MAU) is being threatened by Google’s YouTube, with a narrow gap of 507,487 [...]