Tag: South Korea
South Korea Seeks To Lead Global Regulation On Medical AI
The Ministry of Food and Drug Safety has set about to become an advanced regulatory agency for artificial intelligence-based medical devices.
The ministry said it...
South Korea Adds 58 New Companies To Antitrust Watch List
South Korea's antitrust regulator said Tuesday it has added 58 new businesses to the list of companies affiliated with large business groups under tight...
South Korean Antitrust Watchdog Fines Booking
South Korea’s antitrust regulator said Tuesday it would slap Booking Holdings a fine of $1.75 million (2.5 million won) for its flagship brand Booking.com...
South Korean Mirae Asset In Talks Fund Elon Musk’s Twitter Deal
South Korea's Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44-billion buyout...
South Korean Regulator Fines AstraZeneca and Local Firm for Collusion
On Thursday, October 13, the Korea Fair Trade Commission (KFTC) announced that it had fined pharmaceutical giant AstraZeneca and local generic pharmaceutical company Alvogen...
South Korean Antitrust Regulator to Strengthen Investigative Arm
South Korea's antitrust regulator, the Fair Trade Commission, is likely to go through an organizational reform to enhance its role in investigating antitrust cases...
South Korea’s Naver To Buy US Poshmark For $1.2B
South Korean internet giant Naver is acquiring US e-retailer Poshmark for roughly $1.2 billion, the companies announced Monday. Poshmark shares popped as much as...
Korean Watchdog Raids Apple Over Excessive Fee Collection
Apple’s South Korean unit was raided yesterday by investigators from the country's antitrust regulator after complaints were made about the tech giant’s excessive collection...
South Korean Watchdog Fines Google & Meta Over Data
South Korea has fined Google and Meta Platforms more than US$71 million collectively for gathering users’ personal information without consent for tailored ads, regulators...
South Korea Names New Competition Head
President Yoon Seok-yeol has appointed a professor who specializes in insurance law and investor protection to lead the Fair Trade Commission, the presidential office...
