Tag Archives: South

Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced today it has added Google as a new investor. Google’s undisclosed investment is not part of its Series C raised in June, the company said without providing its valuation. The additional investment event comes five months after its $50 million Series C, which brought its total funding to $105 million as of June. The company’s previous backers include… Source link

Sean Gallup/Getty News Images/Getty Images In response to a law passed… 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

[unable to retrieve full-text content]Yahoo sounds final retreat in China amid tightened regulation  South China Morning Post Source link

Tensions in the South China Sea have been percolating for years now. Even in relatively calm times when the battling claimants of the contested waters manage to stay out of the headlines, the reality out on the sea is rarely tranquil. In fact, a recent report from the South China Morning Post has revealed that Chinese boats have been harassing Civilian vessels in the Malaysian and Vietnamese portions of the South China Sea “on a daily basis” for years. Extending from Singapore and the… 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

Google has been fined 207.4 billion won (around $177 million) in South Korea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. Specifically, the Korea Fair Trade Commission (KFTC) is taking issue with the anti-fragmentation agreements (AFA) Google has manufacturers like Samsung sign, which prevents it from making changes to the operating system. The ruling prohibits Google from forcing manufacturers to sign… 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

The amended Telecommunications Business Act was approved by the country’s National Assembly on Tuesday, with the backing of President Moon Jae-in’s party. It will become law once President Moon signs it. Under the new law, developers will be able to select which payment systems to use to process in-app purchases, meaning they may be able to bypass hefty charges imposed by the two longtime leaders. Apple’s commissions, for example, go as high as 30% on some purchases made through the… Source link