Google, Meta Fined $71 8m For Violating Privacy Law In South Korea

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Google, Meta Fined $71 8m For Violating Privacy Law In South Korea

SEOUL—Google can’t punish South Korean app developers for offering payment workarounds, a blow to the U.S. tech giant’s efforts to maintain its lucrative commission on digital sales in the country. Choi Soo-Yeon, the chief executive of Naver, said the acquisition marked the company’s acceleration into the global “C2C” market, the category of business where customers sell goods and services to each other via a third-party platform like eBay or Craigslist. She placed particular emphasis on fashion, which has surged globally in recent months and makes up 15 percent of South Korea’s e-commerce market. Money aside, politics is never far away in South Korea, and never far from Naver. In an email, Choi Ki Sung, a reporter with the Korean news channel YTN, said there is unconfirmed “suspicion” that Naver downgrades news stories on its portal that are unfriendly to whichever government is in power.

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Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. “We disagree with the PIPC’s findings, and will be reviewing the full written decision once it’s shared with us,” a Google spokesperson said.

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In the firm’s Global Best Brand Rankings for 2022, released Sunday, Samsung scored 127 points, beating last year’s winner Google, which scored 106. Ives added that while there might be monetization opportunity for others, such as telecommunication services providers, it ultimately depends on how consumers would respond. “It’s a potential watershed moment,” Ives said on CNBC’ “Street Signs Asia” on Monday ahead of the decision in Seoul.

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Apple News+ is also included in the Apple One Premier Plan, which bundles five other Apple services into a single monthly subscription for $32.95 per month. Apple News only uses on-device intelligence to recommend stories and doesn’t access your information without your permission. Listen every weekday morning as our host, Shumita Basu, guides you through the most fascinating stories in the news. And don’t miss the weekly show In Conversation — in‑depth interviews with some of the world’s best journalists. Apple News Today and In Conversation are free to everyone and are also available in Apple Podcasts.

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To combat the proliferation of what it sees as speculative money-making schemes, the GMC has made it all but impossible for P2E game developers to get their work listed on the most popular mobile app stores. “While we respect the commission’s decision, we are confident that we work with our clients in a legally compliant way that meets the processes required by local regulations. As such, we do not agree with the commission’s decision, and will be open to all options, including seeking a ruling from the Court,” stated a spokesperson for Meta. Last year, Google said it was planning to enforce a policy requiring developers that distributed software on the Google Play Store — a digital service to download apps — to use its proprietary in-app payment system. The law also gives the South Korean government the power to mediate disputes regarding payment, cancellations and refunds in the app market, according to reports. “We’ll reflect on how to comply with this law while maintaining a model that supports a high-quality operating system and app store, and we will share more in the coming weeks,” the Google spokesperson added.

  • Naver will pay $17.90 per share, 15 percent more than Poshmark’s closing price of $15.57 on Monday but far below Poshmark’s value when it went public in early 2021 at $42 per share.
  • Naver’s shares fell nearly 9 percent at the close on trading in Seoul on Tuesday.
  • The platform has over 80 million registered users, mostly in the United States, Canada, Australia and India.
  • Another $3 million from ad revenue will pay for “experimental projects” like a new fact-checking effort run by Seoul National University that aims to assess the veracity of political statements.

And like some of its fellow technology giants overseas, Naver’s news practices are under increasing scrutiny. The Fivestars for Klaytn P2E game and NFT marketplace were initially blocked in domestic app stores for a lack of a rating, but the team behind the game won an injunction in June, and the game was listed. A final decision on the legal standing of the game is expected to set a legal precedent for other P2E games, such as Infinite Breakthrough Three Kingdoms Reverse. The KFTC has asked the tech giant to ban its anti-competitive practice of preventing smartphone makers from using operating systems developed by rivals and ordered it to take corrective steps, according to the news site. However, the survivors and activists who spoke with Amnesty International Korea said Google’s reporting categories and procedures were confusing and difficult to follow. The appropriate forms were difficult to find, and they contained ambiguous categories about the type of content being reported. “Deleting non-consensual explicit content circulated online is essential for restoring the survivors’ daily lives.

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