Posts tagged as: South Korea

Korea Won’t Arrest Samsung Executive

A court in South Korea has rejected a request to arrest Samsung executive Lee Jae-yong. Prosecutors in a government bribery case wanted Lee held on counts of bribery, embezzlement, and perjury. The Seoul Central District Court didn’t provide a reason for rejecting the prosecutor’s request. The investigation pertains to a possible $36 million bribe Lee […]

South Korea’s Fair Trade Commission Fines Qualcomm $850 Million

Qualcomm has been one of the most fined company in the smartphone business of late. In just two years, the US-based company was forced to pay almost $200 million in fines. The last fine Qualcomm was hit with dates from last year when the company had to pay $975 million in China after it was found […]

After China Settlement, Korea Now Looking into Qualcomm

South Korea’s Fair Trade Commission is weighing whether or not to investigate Qualcomm‘s business practices. Regulators there believe Qualcomm may have abused its position as the largest chipmaker to charge higher royalty rates for its patents. Qualcomm sells application processors and modems to smartphone manufacturers and generates the bulk of its money from royalty rates. […]

Europe and Korea Look to Define 5G

The European Commission and South Korea today announced plans to together define the future 5G wireless standard, as well as develop the technologies to support it. The two bodies signed a Joint Declaration on Strategic Cooperation in Information Communications Technology (ICT) and 5G to increase the discussions and research around the topic. A wide number […]

Yahoo Exiting South Korea – Falls to Google, Local Competition

Yahoo said on Friday that it was exiting the South Korean market, citing challenges in the market and stiff competition in the area. Founded in 1997, Yahoo Korea has around 250 employees who will now be looking for work. Localized online portal services will be terminated before the end of the year, with all the […]

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