The Korean Fair-Trade Commission (KFTC) imposed on Tuesday a $177 million fine on Google after discovering that the search engine titan took advantage of its market status to prevent rival operating systems from competing in the market, putting the company at its second setback in less than a month. According to the KFTC, Alphabet Inc’s […]
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South Korea’s largest telco KT Corp announced on Friday its acquisition of Epsilon for $145 million from Malaysian conglomerate Kuok Group, framing the South Korean operator to be the dominant stakeholder in the Singapore-based communication firm. The acquisition’s terms gave KT’s partnership with Daishin Private Equity a 100 percent stake in Epsilon from Kuok Group. […]
Apple revealed earlier today that it won’t allow Epic games to join its App Store until the two companies come to an agreement to “play by the same rules as everyone else,” following a prohibition of re-releasing Fortnite for iOS in South Korea. In August, a South Korean bill was passed forbidding search engine giant […]
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]
Over two decades, the United States and its allies spent hundreds of millions of dollars building databases for the Afghan people. The nobly stated goal: Promote law and order and government accountability and modernize a war-ravaged land. But in the Taliban’s lightning seizure of power, most of that digital apparatus — including biometrics for verifying […]
The U.S. government’s highway safety agency wants detailed information on how Tesla’s Autopilot system detects and responds to emergency vehicles parked on highways. The National Highway Traffic Safety Administration made the detailed request in an 11-page letter sent to the electric car maker that was dated Tuesday. The letter is part of a wide-ranging investigation […]
South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has […]
Microsoft’s accommodations to President Joe Biden’s executive order to hinder cyberattacks on the U.S. will support public and private sectors in establishing the right infrastructure for a bolstered up Zero Trust network security model. After a full year of ransomware and supply chain attacks, Microsoft is one of 18 cybersecurity firms selected to work in […]
T-Mobile says it has notified nearly all of the millions of customers whose personal data was stolen and that it is “truly sorry” for the breach. CEO Mike Sievert said in a written statement Friday that the company spends lots of effort to try to stay ahead of criminal hackers “but we didn’t live up […]
Recently disclosed documents featuring Google’s confidential deal with Netflix, unveiled market monopolization strategies by the search engine giant, as it offered the streaming platform a private pitch to keep using Android-based subscriptions with a lower cut than Apple’s App Store, a media report revealed on Friday. Numerous state attorneys filed an antitrust lawsuit against Google […]