SEOUL, May 2 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it has decided to fine Meta Platforms Inc., the operator of Facebook and Instagram, on charges of violating the country’s law on consumer protection. Meta Platforms was slapped with a 6 million-won (US$4,176) fine and ordered to take necessary measures to align with [...]
SEOUL, Nov. 11 (Korea Bizwire) – South Korea’s data protection watchdog has imposed new penalties on Meta, Facebook’s parent company, for collecting sensitive personal information from Korean users, including their political views, for advertising purposes. The latest fine brings total penalties against Meta in South Korea to approximately 60 billion won. The Personal Information Protection Commission [...]
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, Nov. 5 (Korea Bizwire) — Meta Platforms Inc., the parent company of Facebook and Instagram, was ordered to pay 21.6 billion won (US$15.6 million) in fines for collecting sensitive data from users without notice and handing it over to advertisers, South Korea’s data protection watchdog said Tuesday. The Personal Information Protection Commission said it [...]
SEOUL, Mar. 8 (Yonhap) — South Korea’s antitrust watchdog has taken steps to penalize Meta Platforms Inc. for allegedly failing to protect local consumers on its e-commerce platforms of Facebook and Instagram, sources said Friday. The Fair Trade Commission (FTC) has concluded its investigation into Meta’s purported violations of South Korea’s e-commerce law and subsequently [...]
SEOUL, Feb. 8 (Korea Bizwire) — Meta, the parent company of Facebook and Instagram, was fined by South Korea’s data protection watchdog on Wednesday for allegedly disadvantaging its customers refusing to provide personal information. The Personal Information Protection Commission (PIPC), a central administrative body, said it decided at a plenary meeting to impose a penalty [...]
SAN MATEO, Calif., Feb. 6 (Korea Bizwire) – Freshworks Inc. (NASDAQ: FRSH) today announced that companies around the world have increased customer retention by using Freshworks’ conversational AI bots to automate communication with buyers through WhatsApp, Instagram Messaging, and Facebook Messenger. International companies like MTN Cameroon in Africa, Body & Fit in Europe and The Giving Movement [...]
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, July 28 (Korea Bizwire) — Meta, the operator of Facebook, on Thursday withdrew a controversial plan to deny access to users of its famous platform if they do not accept the terms of its privacy policy update, a government official said. The decision came as the Personal Information Protection Commission has been looking into [...]
SEOUL, July 22 (Korea Bizwire) — The Personal Information Protection Commission is looking into whether the upcoming privacy policy update by Meta, the operator of Facebook, runs afoul of domestic law and will take action if any irregularities are found, officials said Friday. Meta has since late May sent out notifications to South Korean users [...]