Tag Archives: Koreas

At Psy’s summer shows, audiences sing and dance while getting sprayed with water.Getty Images Psy’s famously water-drenched concerts are set to return, with each show needing 300 tons of water. The pop star has been criticized for his shows’ water requirements amid South Korea’s drought. According to reports, South Korea is facing a shortage of water for agricultural and industrial use. K-pop superstar Psy has been criticized for requiring 300 tons of water at each of his upcoming summer… Source link

David Gray | Bloomberg | Getty Images South Korea’s competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. Google’s Android operating system currently holds the lion’s share of the smartphone market, ahead of Apple’s iOS platform. The U.S. tech giant allegedly used its market position to block smartphone makers like Samsung from using… Source link

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on Wednesday (25 August) a landmark bill to prevent Google and Apple from charging software developers’ commissions on in-app purchases, the first of its kind in the world. The final vote by all members of… Source link

Coupang (CPNG) shares closed at $49.52 each on their first day of trading, well below their opening trade but still above their IPO price, in the largest initial public offering in the US this year. Dubbed the Amazon (AMZN) of South Korea, shares of the e-commerce giant opened at $63.50 after pricing its IPO at $35 a share, raising $4.6 billion. About 10 minutes after the opening trade, the stock was trading at around $59 a share. The IPO surpassed that of dating app Bumble (BMBL), which Source link