Tag Archives: Korea

SEOUL, Oct 21 (Reuters) – South Korea’s parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix (NFLX.O) and Alphabet’s (GOOGL.O) Google pay South Korean network fees. The deliberations mirror attempts in Europe by some countries that want the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure, as video streaming and other data usage surges. Various versions of legislation… Source link

Photo: Andrey Popov/stock.adobe.com South Korea has issued its largest privacy fines ever to Google and Meta, parent company of the massively popular social apps Instagram and Facebook. Google and Meta are to pay up $50 million and $22 million, respectively. In a statement, the Personal Informational Protection Commission said that Google and Meta did not clearly inform users or obtain their consent as they collected information about their online… Source link

South Korea’s communication watchdog, the Korea Communications Commission (KCC), said Tuesday it will investigate Apple and Google over potential violations of the country’s in-app payment rule. Local media reports noted that the agency will start this investigation on August 16. Apart from Apple and Google, the KCC is also investigating SK Group’s homegrown app store called ONE Store. The watchdog said that it had looked into the practices of all three app… Source link

Google has stopped providing updates to popular messaging app KakaoTalk in South Korea, according to a local report, after Kakao continued using an external payment link in its Android app, against Google’s new in-app payments policy. Google’s new policy requires developers selling digital goods and services to use Google’s first-party billing system, but Kakao has been using an external link to its own website. This is the first time Google has stopped… Source link

Novavax (NVAX) is awaiting the outcome of a June 7 meeting of the FDA’s vaccine advisory committee, which could finally bring its COVID-19 vaccine to the U.S. market. Chief Commercial Officer John Trizzino told Yahoo Finance in an exclusive interview Wednesday that the company is optimistic about the upcoming meeting. Novavax ran into manufacturing quality problems in early 2021 and experienced subsequent delays in its Phase 3 trial in the U.S., forcing the company to push back its timeline… Source link

Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Former Ethereum developer Virgil Griffith will serve 63 months in prison and pay a $100,000 fine for helping North Koreans use cryptocurrencies to evade sanctions. In September, Griffith pleaded guilty to one count of conspiracy to violate international sanctions against North Korea. Griffith was arrested in November 2019 after giving a talk at a Source link

HONG KONG — North Korea launched an intercontinental ballistic missile for the first time since 2017, its neighbors said Thursday, in a major escalation of its weapons program likely to stoke fresh tensions with the United States and its allies. Japanese Prime Minister Fumio Kishida said the missile was believed to be a new kind of ICBM and condemned the test, which comes at a time when the world is focused on Ukraine, as an “unforgivable outrage.” “These series of actions taken by… Source link

Following the passage of the so-called “anti-Google law” in South Korea, Google has announced it will comply with the new mandate by giving Android app developers on Google Play the ability to offer alternative payment systems alongside Google’s own. The legislation represents the first time a government has been able to force app stores to open up to third-party payment systems for in-app purchases — a change that could impact both app stores’ revenues, as developers look to… Source link

Google has announced changes it will make to its in-app payments options in South Korea — a significant step back for the tech giant as governments around the world seek to curb the control Google and Apple wield over their mobile ecosystems. In a blog post, Google says it will allow third-party payment options for in-app purchases to appear alongside its own Google Play billing system in Android apps. The company will still charge developers a commission if users pay using a… Source link

In India, a team of antitrust researchers accused the company of abusing its dominance in the mobile phone operating system market, leading to a formal investigation by the nation’s competition commission. The case hinged, in large part, on certain legal agreements that Google required manufacturers to sign before they could install widely used apps like Google Maps, Gmail and YouTube, according to a case file dated April 2019. Source link