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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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27.01.26 - 13:01
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Trump Raises Tariffs On South Korean Goods To 25% (AFX)
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SEOUL (dpa-AFX) - President Donald Trump announced that he is increasing tariffs on goods imported from South Korea by 10 percent to 25, because the Asian ally failed to live up to a trade agreeme......
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