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  • Google Fined $32 Million by South Korea Antitrust Regulator for Blocking Mobile Games on Competing Platform

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    South Korea’s antitrust regulator has fined Alphabet’s Google KRW 42.1 billion ($31.88 million, roughly Rs. 262 crore) for blocking the release of mobile video games on a competitor’s platform. The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt the local app market One Store’s revenue and value […] More

  • in Technology

    Terraform Founder Do Kwan Arrested in Montenegro, South Korea to Seek Extradition of Crypto Fugitive

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    South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company Terraform Lab’s dramatic collapse last year, which wiped out about […] More

  • in Technology

    Samsung Electronics to Invest $230 Billion in South Korea Chipmaking Base, Will Set Up 5 Chip Factories

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    South Korean tech giant Samsung Electronics expects to invest $230 billion (roughly Rs. 18,97,500 crore) over the next 20 years to develop what the country’s government called the world’s largest chip-making base, in line with efforts to boost the national chip industry. Samsung‘s around KRW 300 trillion (roughly Rs. 1,89,86,000 crore) project is part of […] More