Page 67 - South Korea

S. Korea passes bill to curb Google, Apple's in-app fee monopolies

The South Korean parliament on Tuesday passed a bill that would rein in the dominance Google and Apple exert over payments on their respective app stores

S Korean PM backs early return to work for paroled Samsung leader: Report

South Korean Prime Minister Kim Boo-kyum told the Financial Times that he backed calls for Samsung leader Lee Jae-yong to return to managing the global tech firm weeks after being released from prison

New South Korea law likely to test Apple, Google duopoly: Report

The Telecommunications Business Act would mandate giving users a free choice of app payment providers

From India to Korea, IPO markets are booming as China deals slow

Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak

South Korea's rate hike suggests it's not too worried about Delta variant

On Thursday, the Bank of Korea raised its benchmark rate a quarter of a percentage point to 0.75%, citing worries about asset bubbles and other financial imbalances

South Korea likely to curb Google and Apple commission dominance

The parliament's legislation and judiciary committee is expected on Tuesday to approve the amendment of the Telecommunications Business Act, dubbed the "Anti-Google law"

Samsung plans to invest $205 billion in three years, hire 40,000

Samsung Electronics and affiliates such as Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics to corporate acquisitions

Delta cases show 300 times higher viral load: South Korea study

The higher load https means the virus spreads far more easily from person to person, increasing infections and hospitalisations, a health ministry official Lee Sang-won told a news conference.

LG Display to invest $2.8 bn to expand OLED display production capacity

LG Display, a major display panel maker in South Korea, said on Tuesday it will invest 3.3 trillion won ($2.8 billion) to expand its medium-and-small sized OLED display production capacity

South Korea reports 1,704 more Covid-19 cases, 207,406 in total

South Korea reported 1,704 more cases of Covid-19 as of midnight Thursday compared to 24 hours ago, raising the total number of infections to 207,406

Google's 'anti-competition' practice under scanner in South Korea

South Korea's antitrust regulator said in Thursday it will hold its final review of whether Google LLC abused its market dominance in the mobile operating system and app markets.

South Korean government will import 200 million eggs by September

Korean government will import 200 million eggs by next month to stabilise egg prices. It is planning to increase direct sales of imported eggs to customers by supplying more than half to large supermarkets.Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, announced the import plan after visiting Daejeon Ojeong-dong Agriculture and Seafood Market and E-mart Dunsan Branch on the 3rd to check consumer prices.The government will significantly increase the volume of imported eggs to 100 million in August and 100 million in September.More than half of imported eggs will be supplied to large retailers such as supermarkets.Previously, imported eggs were mainly supplied to catering companies and processing companies, but now consumers can purchase imported eggs directly.The price of 30 imported eggs of the aT Korea Agro-Fisheries & Food Trade Corporation will also be reduced by 1,000 won from 4,000 won to 3,000 won from coming 5th."In order to cut the price of eggs

South Korea reports first two cases of delta plus Covid-19 variant

South Korea has reported two cases of highly transmissible delta plus variant of the coronavirus.

Kakao Corp founder's $6 bn surge unseats Samsung heir as richest Korean

Brian Kim, the founder of South Korean messaging giant Kakao Corp., is now worth $13.5 billion, according to the Bloomberg Billionaires Index, after Kakao shares rose 90% in 2021 alone

South Korea rallies to beat Israel 6-5 to win Olympic baseball

Jeremy Bleich forced in the game-ending run by hitting batters with consecutive pitches in the 10th inning, and defending champion South Korea beat Israel 6-5 to win its Olympic baseball opener.

For South Koreans, Olympic medal is only way out of military service

They keep telling themselves the Olympics is no different from any other golf tournament because anything else would only make it harder on Sungjae Im and Si Woo Kim

Hyundai Motor Group's high technology was behind Korea's 'crazy archery'

As Korean national archery team achieved all three gold medals at the 2020 Tokyo Olympics, attention is also focusing on Hyundai Motor Group, which has supported Korean archery.According to the industry on the 27th, Hyundai Motor Group started a technical support project for Korean archery to win the medals at Tokyo Olympics, led by Chairman Chung Eui-sun, who is the chairman of the Korean Archery Association since the 2016 Rio Olympics in Brazil.Chairman Chung judged that Korean archery is the best in the world, but combining Hyundai Motor Group's future cars R & D technology will improve the athletes' skills more, and started to support high-tech technologies such as AI, vision recognition, and 3D printing. It is for making the quality and performance of the equipment more perfect and contributing to minimizing various problems, such as athletes' mental health.Hyundai Motor Group listened archery athletes' opinions and carefully reviewed on areas that could apply with the ...

South Korea registers highest-ever daily rise in Covid-19 cases

South Korea has recorded its highest-ever daily rise in COVID-19 cases for the past day, the Korea Disease Control and Prevention Agency (KDCA) said in a statement.The country reported 1,896 new coronavirus cases for Tuesday, the KDCA said. The previous record of 1,318 people was set on July 9.Out of the new cases, 1,823 were local and 73 were imported from abroad. In total, 193,427 people were infected in the country, of whom 170,494 people have already been discharged. During the day, four more patients died.The overall death toll reached 2,083. The mortality rate is 1.08 per cent.

IPOs of India's Paytm, South Korea's Kakao reveal Gen Z's banking vision

Internet-based businesses are raising funds at a record pace, making use of the boost given by the pandemic to all things digital

North, South Korea agree to restore severed communication links

North and South Korea restored their cross-border communication lines that had been severed for over a year, the South Korean presidential office said on Tuesday.An official statement said that the two Koreas decided to resume their direct communication hotlines as of 10:00 am local time.This comes 13 months after North Korea cut off all communication lines with South Korea in protest over Seoul's supposed failure to stop activists from sending anti-Pyongyang propaganda leaflets into the communist nation, Yonhap reported.Since June last year, the Democratic People's Republic of Korea (DPRK) cut off ties in protest against Seoul's inability to stop civic activists from sending anti-Pyongyang propaganda leaflets into the DPRK.South Korean President Moon Jae-in and DPRK leader Kim Jong Un have exchanged personal letters several times since April to communicate about issues on the restored inter-Korean relations, the statement said.Moon and Kim agreed first to restore the severed ...