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: Park Jae-hyuk
Wed, July 6, 2022 | 14:01
Kakao falls victim to Google's in-app payment policy
Google has banned Kakao from offering the latest version of KakaoTalk on the Google Play Store, as the Korean firm refused to follow the U.S. company's in-app payment policy, which has been in effect since last month. According to Kakao, the 9.8.6 version of its mobile messenger app has been unavailable on Google's app market, since the newest version's release on June 30. Go...
| 2022-07-06 08:57
FTC chief nominee rules out drastic deregulation
The nominee for the head of Korea's antitrust agency emphasized that he will continue to fight against unfair practices by chaebol groups, multinational tech firms and companies monopolizing the market, regardless of the Yoon Suk-yeol administration's business-friendly stance. Song Ok-rial, a professor of commercial law at Seoul National University Law School, who was nominat...
| 2022-07-05 16:48
'Korea, Japan should restore visa waiver program'
Members of the Federation of Korean Industries (FKI) and the Japan Business Federation called on each of their governments to restore a mutual visa waiver program that has been suspended since the outbreak of the COVID-19 pandemic. Amid signs of a recovery in Korea's economic ties with Japan under the leadership of President Yoon Suk-yeol, both business federations also agree...
| 2022-07-04 16:53
Yoon gov't kick-starts efforts to mend ties with Japan
HanmiGlobal wins $34 million order from Saudi Arabia
HanmiGlobal secured a 44 billion won ($34 million) order for a massive construction management project from Diriyah Gate Development Authority (DGDA), of which Saudi Arabia's Crown Prince Mohammed bin Salman chairs the board of directors, the Korean firm said Monday. DGDA plans to build luxury villas, townhouses, community centers, resorts, hospitals and shopping centers.
| 2022-07-04 16:38
KOIMA chairman ordained pastor
Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, who is also the CEO of Bronte Family, importing cashmere from China, was ordained as a pastor in the Presbyterian Church General Assembly in Korea to fulfill his wish, according to the business lobby group for 8,000 importers here, Monday.
| 2022-07-04 14:58
Prime minister welcomes US firms relocating Asian headquarters to Korea
The American Chamber of Commerce in Korea (AMCHAM) has won support from the Yoon Suk-yeol administration for its major goal of making Korea the regional headquarters of Asia for multinational companies. During a special meeting hosted by AMCHAM, Friday, Prime Minister Han Duck-soo said that the government is open to resolving problems facing foreign businesspeople who seek to...
| 2022-07-01 16:39
Apple criticized for exploiting loophole in Korea's in-app payment regulations
Apple has drawn criticism from app developers for essentially forcing them to use its own billing system instead of clearly offering multiple options. Korean law mandates that apps distributed by app market operators be allowed to offer an alternative payment processing option within their apps. In its latest announcement, Thursday, the U.S. tech giant said that apps distribu...
| 2022-07-01 16:18
Samsung beats TSMC in mass production of world's 1st 3-nanometer chips
Samsung Electronics stepped ahead of TSMC, becoming the world's first chipmaker to begin mass production of 3-nanometer process nodes, applying gate-all-around (GAA) transistor architecture. The Korean firm made the announcement, Thursday, that it had beaten its Taiwanese rival, which aims to mass-produce 3-nanometer chips by the second quarter of this year, as well as Intel,...
| 2022-06-30 16:11
LG, SM Entertainment collaborate to go after Apple, Peloton in home fitness market
Fitness Candy, a joint venture launched recently by LG Electronics and SM Entertainment, expressed confidence that it could defeat Apple and Peloton in the at-home workout market, with plans to release its home fitness service overseas in the near future. “We will be able to beat them with the integration of LG's devices and SM's content,” Fitness Candy CEO Shim Woo-taek said...
| 2022-06-30 15:06
Korea's space projects overshadowed by researchers' poor working conditions
Uncertainty has been growing surrounding Korea's mission to become a powerhouse in the space industry, as researchers of a state-run space research institute have begun to cry foul over their labor conditions, threatening to leave for better opportunities in the private sector. Despite the recent success in launching a domestically developed space rocket, unionized researcher...
| 2022-06-29 16:50
Fashionista first lady draws polarized reactions
Price-conscious consumers flock to fresh food sales
Child porn website operator gets 2-yr prison term for concealing criminal proceeds
Son Heung-min recalls experiencing racism in Germany, rejoicing at revenge in World Cup upset
USFK member accused of alleged DUI on motorcycle
Korea's inflation soars to 24-year high, weighing on economy
Korea's inflation growth hits nearly 24-year high in June on fuel costs
June Huh becomes 1st scholar of Korean descent to win Fields Medal
US bill expresses concerns over proposed abolishment of Korean ministry of equality
Korea to expand nuclear power generation to 30% of total by 2030
Afghanistan earthquake killed more than 1,000
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