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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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29.09.25 - 04:06
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Alibaba′s Lazada brings South Korea′s Gmarket to Southeast Asia (SCMP)
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Lazada, the Southeast Asian e-commerce arm of Alibaba Group Holdings, has partnered with Gmarket, a South Korean online marketplace, to give shoppers across Southeast Asia access to 20 million products from South Korean sellers.
The partnership, launched on Monday, introduces a storefront for Gmarket within LazMall, Lazada's flagship virtual shopping mall. Shoppers in Singapore, Malaysia, Thailand, the Philippines and Vietnam will be able to buy a wide range of products from popular beauty and......
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01.09.25 - 10:42
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Tesla sees exodus of South Korean retail investors as crypto′s allure rises (SCMP)
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South Korea's retail investors are losing faith in Tesla's stock, ramping up their selling last month amid growing disillusionment with the electric carmaker and rising interest in cryptocurrencies.
Individual investors in South Korea sold a net US$657 million of Tesla stock in August, the largest outflow since at least early 2023, according to Bloomberg calculations of depository data.
Investors have instead favoured even more volatile bets such as Bitmine Immersion Technologies, seen as a......
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