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Biz & Tech

Mon, September 27, 2021 | 01:12

Korea fines Google W207 bil. for abuse of market dominance

Korea's antitrust regulator fined Google 207.4 billion won ($177 million) Tuesday for abusing its market dominance to prevent the market entry of competing operating system (OS) developers. The Korea Fair Trade Commission's (KFTC) fine and corrective measure are the latest moves to curb alleged unfair practices by the U.S. tech giant, following the National Assembly passing a...

Kim Bo-eun | 2021-09-14 17:04

Google offers 12 trillion won in consumer benefits in Korea annually

Korea fines Google 207 billion won for anti-competition practice in OS, app markets

South Korea's antitrust regulator said Wednesday it has decided to fine global tech giant Google 207.4 billion won ($176.8 million) for its alleged abuse of the market dominance in the mobile operating system and app markets.

2021-09-14 13:27

LG Innotek develops eco-friendly magnet

LG Innotek developed high-efficiency, eco-friendly magnets for use in vehicles and smart devices, aiming to advance into a market dominated by Chinese and Japanese manufacturers, the electronic components arm of LG Group said Monday.

Baek Byung-yeul | 2021-09-13 16:43

Kakao founder Kim under FTC investigation

The founder of Korea's top mobile messenger operator Kakao is under investigation by the Fair Trade Commission (FTC) for allegedly failing to report corporate structure matters related to the company's de facto holding company K Cube Holdings, according to industry sources, Monday.

Baek Byung-yeul | 2021-09-13 16:34

Korea on its toes as China catches up in OLED technology

Korea's display makers currently lead the global market in organic light-emitting diode (OLED) displays, but have grown increasingly alarmed by how fast Chinese rivals have caught up in terms of technology. They worry that they may lose their competitive edge in OLED technology, which is what happened with liquid crystal display panels (LCD), where Chinese players now account...

Kim Bo-eun | 2021-09-13 16:29

Samsung set to pick site for new US chip plant

Attention is focusing on where Samsung Electronics will finally decide to build its second foundry plant in the United States, after local authorities in Texas approved an incentive package worth several hundred million dollars, and in the face of rival chipmakers stepping up their game.

Kim Bo-eun | 2021-09-12 16:21

LG Display expands use of transparent OLED displays

LG Display is expanding the use of its transparent OLED displays, mainly targeting the business-to-business market to create more value with the next-generation technology, the display maker said Sunday.

Baek Byung-yeul | 2021-09-12 13:52

Korea to officially deliver intention to join DEPA

South Korea said Sunday it plans to officially deliver its intention to New Zealand to join a global pact on the digital sector that covers a wider array of issues beyond conventional free trade agreements.

2021-09-12 11:50

[INTERVIEW] 'Greater public-private support needed to foster talent in chip industry'

Two Korean chipmakers account for the lion's share of the global memory semiconductor market with an over 70 percent stake. Samsung Electronics, the top memory chip maker, is also the second-largest player in the global market for chip contract manufacturing.

Kim Bo-eun | 2021-09-11 09:04

FTC to monitor and regulate Kakao, Naver

The country's top antitrust watchdog said that it will toughen rules on major technology companies after financial authorities decided recently to regulate the fintech businesses of platform operators.

Kim Jae-heun | 2021-09-10 17:23

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