The Korea Communications Commission (KCC) announced that it has initiated a fact-finding investigation to confirm the violation of the Telecommunications Business Act by Naver’s news service starting from Sept. 25.Since July 5, the KCC has been conducting a factual investigation to determine whether
Kakao has decided to take a step back in its conflict with Google over forced in-app payment by giving up its outlink payment method. As a result, a prolonged suspension of Kakao Talk updates or the deletion of Kakao Talk application in the app market is unlikely to take place.Kakao officials met wi
The National Green Tribunal (NGT) of India ordered a deposit of 500 million rupees (8 billion won) from LG Polymers India, a subsidiary of LG Chem, in connection with a gas leak accident. LG Polymers India issued an apology statement with measures for victims of the accident in India.The NGT ordered
The South Korean financial authorities are planning to come up with a specific plan to supervise the initial coin offering (ICO) industry after launching a fact-finding mission by Sept. 21. This has come one year after the government has prohibited all forms of ICOs in September last year.In this re
Inter-Korean economic cooperation is shifting into high gear. South and North Korea have agreed to hold subcommittees on railway, road, and forest from June 26 to July 4 in order to implement the Panmunjom Declaration.The Ministry of Unification said on June 25 that the North and the South agreed on
The first team of Korean prospective investors in Zambia will land in Lusaka, Zambia on Sept. 8 (local time), the first to obtain visas since the Zambian Mission opened in late 2014. This team will begin a seven day fact-finding trip to explore the various opportunities available in the construction
The Tokyo Electric Power Company admitted that Prime Minister Shinzo Abe’s remarks about the total control of the contaminated water from the Fukushima atomic power station, which had been made at the recent International Olympic Committee (IOC) general assembly, were false. TEPCO, which runs the po
The Korea Chamber of Commerce & Industry (KORCHAM) announced on January 31 that it would increase the number of companies of middle standing in Korea from 1,400 or so to at least 3,000 between this year and 2015. “We’ll set up a new department to achieve the goal while trying to improve the busines