Articles about south korea

Bitcoin punch cards

South Korea bans Initial Coin Offerings

South Korea has banned initial coin offerings (ICOs), the practice of taking cash for Blockchain-powered services. The United States' Securities and Exchange Commission (SEC's ) Office of Investor Education and Advocacy explains that ICOs see the promoter of an investment offer “ virtual tokens or coins” that can be used to …
Simon Sharwood, 29 Sep 2017
Robot spider

Korea extends factory automation tax break, is accused of levying 'robot taxes' anyway

It's not quite a “robot tax”, but South Korea appears to be sufficiently worried about the impact of automation on its workforce to consider withdrawing tax breaks for manufacturers that buy “robots”. As one of the world's major factory nations, South Korea country is concerned that a too-rapid expansion of automation in heavy …
Gangnam calling for punishment of president Park Geun-hye and Samsung chief Lee Jae-yong

South Korea prosecutor: President colluded to take Samsung bribes

The president of South Korea, Park Geun-hye, colluded with confidante Choi Soon-sil to take bribes from Samsung Group, the country's special prosecutor said today. Park Geun-hye was suspended from Parliament in December and could now face prosecution if she is formally removed from office. Last month Samsung's vice chair Lee …
Kat Hall, 6 Mar 2017

In a loving tribute to its fiery washing machines and Note 7... Samsung management explodes

Samsung supremo Lee Jae-yong has been formally charged with bribery and embezzlement – sparking the dramatic shut down of the tech giant's top strategic office. Lee, aka Jay Y Lee, was indicted Tuesday by the South Korea special prosecutor's office for his alleged role in a high-profile bribery scandal that has already led to …
Shaun Nichols, 28 Feb 2017

Korean boffins vow 1,000km-an-hour supertrain

Korean boffins want to create the blueprint for a train capable of operating at 1,000km/h (621mph). Like Elon Musk’s back of the envelope Hyperloop concept, the Korea Railroad Research Institute (KRRI) project envisages the vehicles running inside a partial vacuum or low pressure tube. The KRRI joined the project this week, …
Andrew Orlowski, 19 Jan 2017
The Samsung head office building in Suwon city, South Korea. Editorial credit: Chokchai Suksatavonraphan / Shutterstock, Inc.

S Korea prosecutors seek arrest warrant for Samsung heir apparent

Samsung's been pulled deeper into "Choi-gate" – the scandal surrounding the South Korean president. Prosecutors in the country today applied for an arrest warrant for Samsung's de facto boss, Lee Jae-yong. The scandal revolves around impeached President Park Geun-hye's informal advisor Choi Soon-sil, whose father, Choi Tae-min …
Andrew Orlowski, 16 Jan 2017
Woman in horse mask takes a selfie. Photo by Shutterstock

Tell us about that $1m horse, Mr Samsung: Bribery probe slips deep into South Korean giant

The heir-apparent of Samsung has been pulled into the bribery scandal that sparked the impeachment of South Korea's president. Lee Jae-yong has been ordered by special prosecutors to answer questions about the enormous donations made by Samsung to a number of foundations run by a close associate of President Park Geun-hye, …
Kieren McCarthy, 11 Jan 2017
Samsung Town, Seoul

How could things get worse for Samsung? Glad you asked

Police in South Korea have raided the corporate offices of Samsung in connection with a high-profile government corruption probe. The Korea Times reports that police conducted the search on Tuesday at Samsung's headquarters on the suspicion that executives at the company were involved with illegal payments to foundations run …
Shaun Nichols, 9 Nov 2016
Burning money, photo via Shutterstock

South Korea mulls TREEELLION-Won fine for Qualcomm

South Korea's Fair Trade Commission (KFTC) has Qualcomm in its sights again, telling the Korea Times the company could be up for a trillion-won fine (nearly US$880 million) over anti-trust violations. The fine (which would set a KFTC record) concerns an ongoing dispute in South Korea over how Qualcomm levies royalties for its …
Amplifier with '11' setting on volume by https://www.flickr.com/photos/kainet/ cc 2.0 attribution sharealike https://creativecommons.org/licenses/by-sa/2.0/

South Korea to upgrade national stereo defence system for US$16m

South Korea has issued a tender for a new national defence stereo system. The democratic enclave in North-East Asia has long operated huge banks of speakers on its side of the demilitarised zone it shares with North Korea. South Korea uses the speakers to broadcast propaganda and K-Pop into the North, with troops along the …
Simon Sharwood, 15 Apr 2016
South Korean flag. Pic: Republic of Korea

South Korea abandons manufacturing enclave in nuclear North

North Korea's launch of a useless satellite atop a thinly-disguised intercontinental ballistic missile has turned out to have immediate terrestrial implications, including some for the technology industries, after South Korea closed a manufacturing enclave in the North. The South's Ministry of Unification has announced that …
Simon Sharwood, 11 Feb 2016

Qualcomm tries to figure out if Apple, Samsung made it anti-trusted

Sick of the slings and arrows of antitrust regulators, Qualcomm is demanding to know what its tattling customers have been saying to South Korea's Fair Trade Commission. In subpoenas [PDF, PDF] filed in the US District Court of Northern California last week, Qualy demands internal memos and documents from Samsung, Apple, Intel …
Amazon CEO Jeff Bezos

Amazon scurries into Seoul bunker day after Nork 'H-bomb' nuke test

Amazon Web Services has opened new bit barns in Seoul, South Korea – a day after nearby psychotic hermit nation North Korea tested an underground atomic bomb. Announced in November, the AWS data centers are presented as two availability zones, each with their own redundant power, networking and connectivity. The move is …

Qualcomm huffs and puffs at Korean competition probe

Mobile chipmaker Qualcomm disclosed on Wednesday that it has been accused of violating South Korea's competition law. The company could be hit with fresh antitrust charges, following the publication of a case examiner's report penned by officials at the South Korea Fair Trade Commission. Qualcomm said in a statement that it …
Kelly Fiveash, 19 Nov 2015
shutterstock_197375177-doctor

Has somebody shared your 'anonymised' health data? Bad news

Researchers from Harvard University have published a paper claiming a 100 per cent success rate in de-anonymising patients from their supposedly anonymised healthcare data in South Korea. The study, which bears the ronseal title of "De-anonymizing South Korean Resident Registration Numbers Shared in Prescription Data", was …
South Korean flag. Pic: Republic of Korea

Bribing public officials up to $900 is OK-ish, says South Korean court

South Korean courts are doing the best they can to clean the country of corruption, presumably in the face of their uncorrupt and well-behaved best neighbours to the North. A new law, which will come into effect in November, will see officials who receive a bribe of more than ₩1m ($900) immediately removed from office. The …
Team Register, 25 Sep 2015

Shock: Smartphone app to protect kids online does quite the opposite

In April, the South Korean government insisted that smartphones owned by children must have software that protects the innocent little snowflakes from looking at stuff online that might harm them or steal their personal information. Now it seems sloppy programming means the cure is even more of a threat. Canadian internet …
Iain Thomson, 21 Sep 2015

Samsung/Cheil merger goes on: Soz Elliot, not this time, says court

A court in South Korea has rejected an attempt by US activist fund Elliott Associates to overturn a merger between Samsung and Cheil Industries. In May, Sammy announced its merger with fashion, leisure and construction biz Cheil Industries, a company in which the tech giant already owns a sizable stake. But after recently …
Kat Hall, 1 Jul 2015

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