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06.02.26 - 14:24
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House Launches Investigation Into ′Discriminatory′ South Korean Regulators After Trump Hits Seoul With 25% Tariff (ZeroHedge)
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House Launches Investigation Into 'Discriminatory' South Korean Regulators After Trump Hits Seoul With 25% Tariff
The House Judiciary Committee has opened a formal investigation into whether South Korean regulators are unfairly targeting American technology companies, as the two allies with a long history of economic and security cooperation find themselves embroiled in a heated dispute over trade, technology, and regulatory oversight - with government accusing the other of unfair practices.
Last October we highlighted that South Korea has effectively been extracting money from US tech firms in the form of fines and other punitive measures via the Korea Fair Trade Commission (KFTC). While the commission's stated goal is to enforce antitrust laws, they've essentially morphed into bridge trolls, according to US officials.
In 2016, Qualcomm was hit with an $854 million penalty for what it called unfair business practices. In 2021, Google was hit with a $177 million fine for dominat...
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24.10.25 - 01:45
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South Korea Risks Economic Self-Sabotage With $1 Trillion Crackdown On US Tech Giants (ZeroHedge)
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South Korea Risks Economic Self-Sabotage With $1 Trillion Crackdown On US Tech Giants
For those who don't know, South Korea is big on extracting money from Big Tech firms in the United States - a protectionist tactic similar to China - aimed at curbing the dominance of global tech platforms when it comes to social media, search, e-commerce and app stores, while favoring domestic players such as Naver, Kakao and Coupang.
The Korea Fair Trade Commission (KFTC), which enforces laws pertaining to antitrust and competition, has repeatedly targeted US firms. In 2021, it fined Google $177 million for anti-competitive practices in Android licensing, alleging it abused its dominance to restrict competitors. That same year, Korea became the first country to prohibit Apple/Google from requiring developers to use only their in-app payment systems; both firms adjusted policies, and regulators later warned/fined over compliance issues.
In 2023, Apple faced a $22 million fine for similar app stor...
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01.10.25 - 23:42
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South Korean Chipmakers to Supply OpenAI′s Stargate | Bloomberg Tech 10/1/2025 (Bloomberg)
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Bloomberg's Caroline Hyde and Ed Ludlow unpack the news that Samsung and SK Hynix have reached early-stage agreements to supply chips and other gear to OpenAI's Stargate data center project. Plus, Wellington Management Head of Late-Stage Growth Matt Witheiler, talks about the opportunities in the private markets as tech firms stay private longer. And Google, Amazon and Peloton are out with new AI-powered devices. (Source: Bloomberg)...
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