south korea

South Korea Fines Google $32 Million for Blocking Games on Competing Platform

South Korea’s antitrust regulator has fined Alphabet Inc’s Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor’s platform. The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store’s revenue and value as a platform, by […]

S.Korea, Taiwan Chipmakers Express Concern about US Subsidy Criteria

The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world’s leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the […]

S. Korea’s Trade Minister to Raise Concerns over Chips Act in US Meetings

South Korea’s trade minister will meet with counterparts in Washington this week to express concerns that the U.S. Chips Act could make the U.S. a less attractive investment destination, its trade ministry said. During his trip, South Korea’s trade minister Ahn Duk-geun plans to meet with senior officials from the U.S. Commerce Department and White […]

S.Korea’s Yoon Says Cooperation with US, Japan Key to Overcoming N.Korea Threats

South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. “Japan has transformed […]

U.S. Likely to Cap Level of South Korean Chips Made in China - U.S. Official

The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea’s Samsung Electronics and SK Hynix, the world’s top memory chip makers, received a one-year reprieve from U.S. export restrictions aimed at thwarting Beijing’s technological ambitions and blocking its […]