Tech


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The US government requests - and is granted - the most user data from tech companies compared to countries like the UK, France, and Japan: report

Thomas Trutschel/Photothek via Getty Images Apple, Facebook, and Twitter saw an overall increase in the number of user data requests they got from world governments. Governments are typically granted data requests for "law enforcement" purposes, such as investigating international theft, fraud, or trafficking. Major tech companies have all released some form of a transparency report after criticism from digital rights advocates and politicians. See more stories on Insider's business p...
Tags: Apple, Facebook, South Korea, Twitter, Transparency, Japan, Germany, US, International, Trends, Denmark, Data Privacy, National Conference of State Legislatures, Apple Facebook, UK France, Tech Insider


Apple's under unprecedented pressure as it prepares to launch the iPhone 13

The tech giant is fighting regulation in South Korea, a courtroom case in California and employee revolts -- and it's all tied to social...
Tags: Apple, South Korea, California


Asian shares, Wall Street hold gains after Fed statement

By ELAINE KURTENBACH Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S. futures were higher. Markets were closed in Tokyo. The U.S. central bank indicated it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago. It also said it...
Tags: Apple, Energy, South Korea, Hong Kong, Business, News, Australia, Wall Street, China, Roald Dahl, Sport, Taiwan, Netflix, Soccer, Malaysia, Shanghai


Stocks hold their gains on Wall Street after Fed statement

By DAMIAN J. TROISE, ALEX VEIGA and STAN CHOE Stocks on Wall Street closed broadly higher Wednesday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. The central bank said it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago. It also said it will likely begin slowing the pace of its monthly bond purchases “soon” if the economy keeps improving. The Fed’s been buying...
Tags: Apple, Energy, South Korea, Hong Kong, Business, News, China, Roald Dahl, Sport, Netflix, Soccer, Treasury, Federal Reserve, Goldman, Fed, Powell


Stocks rise broadly on Wall Street after Fed statement

By DAMIAN J. TROISE and ALEX VEIGA Stocks were broadly higher on Wall Street Wednesday afternoon after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. In a statement issued at 2 p.m. Eastern, the central bank said it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago. The Fed also said it will likely begin slowing the pace of its monthly bond purchases “soon” if the eco...
Tags: Apple, South Korea, Hong Kong, Business, News, Wall Street, China, Roald Dahl, Sport, Netflix, Soccer, Treasury, Federal Reserve, Fed, The Fed, Charlie


Asian shares extend losses as China worries darken sentiment

By YURI KAGEYAMA TOKYO (AP) — Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%. Markets were closed Tuesday in Taiwan, Shanghai and South Korea. In Hong Kong, the Hang Seng dropped 0.5% to 23,971.73 as selling of property developers slowed. The Nikkei 225 dropped 601.48 points to 29,898.57. Australia’...
Tags: Apple, Personal Finance, South Korea, Hong Kong, Business, Japan, News, Congress, Australia, Finance, China, Sport, Economy, Soccer, Nvidia, Tokyo


Boston Dynamics' Spot Becomes a Robotic Watchdog for Hyundai

CNET's Roadshow reports that a safety-oriented version of Boston Dynamics' headless dog-shaped robot "Spot" will begin patrolling a Kia plant in South Korea, "to survey industrial areas remotely and help identify issues before they happen." For example, Spot's new thermal camera and 3D lidar (courtesy of Hyundai's technology chest) can identify personnel near machinery with high temperatures. In this case, our robotic canine friend may be able to pinpoint a fire hazard before a human does. The ...
Tags: South Korea, Tech, Hyundai, Kia, Cnet, Boston Dynamics, Roadshow


From Tesla to Netflix: These are the companies that look set to join the '$1 trillion club' in the next 5 years

Tesla CEO Elon Musk. Britta Pedersen/Pool/AFP via Getty Images Tencent, Netflix, Berkshire Hathaway, and Visa are among companies headed towards the trillion-dollar stock market valuation, a study shows. The study compared the market cap of the 50 biggest public companies along with their average annual growth. Estimates for Chinese firms do not factor in Beijing's most recent regulatory crackdowns. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tesla, Netfli...
Tags: Google, Facebook, South Korea, China, US, Trends, Tesla, Netflix, Beijing, Berkshire Hathaway, Warren Buffett, Saudi Aramco, Apple Microsoft Amazon, Roberto Machado Noa LightRocket, Jenny Kane, Shalini Nagarajan


Over 60 South Korean Crypto Exchanges Set To Suspend Services Next Week

More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. An anonymous reader writes: To continue operating, exchanges must register with the Financial Intelligence Unit by Sept. 24, providing a security certificate from the internet security agency. They must also partner with banks to ensure real-name accounts. Exchanges that have not registered must shut down servi...
Tags: South Korea, Tech, Financial Intelligence Unit, Financial Services Commision


Kapor Capital, Square co-founder Sam Wen back TomoCredit in its $10M Series A funding round

Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit card focused on building credit history for first-time borrowers. The San Francisco-based startup is announcing today that it has raised $10 million in a Series A funding round co-led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. Lewis & Clark Ventures, AME Clou...
Tags: Fundings & Exits, Startups, South Korea, Finance, Funding, San Francisco, Startup, Tech, United States, Venture Capital, American Express, Payments, Kim, Fintech, Mastercard, Kapor Capital


Google Says It Offers More Than $10 Billion in Consumer Benefits in S.Korea

SEOUL (Reuters) - Alphabet Inc's Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in...
Tags: Google, South Korea, Korea, Seoul, REUTERS Alphabet Inc


South Korea's Antitrust Regulator Fines Google $177 Million for Abusing Mobile Market Dominance

South Korea's competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. From a report: Google's Android operating system currently holds the lion's share of the smartphone market, ahead of Apple's iOS platform. The U.S. tech giant allegedly used its market position to block smartphone makers like Samsung from using operating systems developed...
Tags: Apple, Google, South Korea, Samsung, Tech, Afa, Yonhap, KFTC, Korea Fair Trade Commission Yonhap News, Yonhap Read


Korea Fines Google $177 Million for Operating System Dominance

South Korea’s anti-trust regulator has fined Google KRW207 billion ($177 million) for blocking customization of its Android mobile phone operating system. The move is significant given the leading position of Korean firms Samsung Electronics and LG Electronics in the mobile handset, tablets and wearables markets. The Korea Fair Trade Commission (KFTC) said Tuesday that Google […]
Tags: Google, Android, Asia, South Korea, News, Global, Korea, Samsung Electronics, LG Electronics, Korea Fair Trade Commission KFTC


South Korean antitrust regulator fines Google $177M for abusing market dominance

The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in the Android operating system (OS) market. The U.S. tech company has restricted market competition by prohibiting local smartphone makers like Samsung Electronics and LG Electronics from customizing their Android OS, through Google’s anti-fragmentation agreements (AFA), according to the antitrust regulator statement. Under the AFA, smartphone developers are not allowed to instal...
Tags: Apple, Google, Amazon, TC, Gadgets, Mobile, Apps, Asia, South Korea, Hardware, Government, China, Samsung, Tech, Italy, Antitrust


SKorea to Fine Google $177M for Forcing Software on Devices

South Korea’s competition watchdog says it plans to fine Google at least 207.4 billion won ($177 million) for allegedly blocking smartphone makers like Samsung from using other operating systems.
Tags: Google, South Korea, Samsung, SKorea


South Korea fines Google ₩207 billion for forking up attempts at creating Android variants

LG and Samsung probably aren't smiling – and not only because that sum translates to a tolerable US$177M South Korea's Fair Trade Commission has fined Google ₩207 billion (US$177M) for abusing its market dominance in mobile operating systems by prohibiting forks of Android.…
Tags: Google, South Korea, US, Samsung, Software, Lg, Fair Trade Commission


S.Korea Fines Google $177 Million for Blocking Android Customisation

By Heekyong YangSEOUL (Reuters) -A South Korea's antitrust regulator has fined Alphabet Inc's Google 207 billion won ($176.64 million) for blocking...
Tags: Google, South Korea, Korea, Alphabet Inc, Heekyong YangSEOUL Reuters


Daily Crunch: Microsoft acquires tutoring platform TakeLessons for undisclosed sum

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hi friends! Welcome back to the Daily Crunch — it’s September 10, 2021. Alex Wilhelm returns next week, so this is my last day as the captain of this ship. Captain of the Daily Crunch. Captain … Crunch? Oh no. Image Credits: evemilla / Getty Images Things I’ve learned: Email newsletters are more stressful than blog posts because you can’t fix typos once they’re ...
Tags: Apple, Google, TC, South Korea, Microsoft, China, Boston, India, US, Tech, Eu, Epic, San Diego, App Store, Alex, Nickelodeon


Why We Invested in Toya

*by Kevin Baxpehler At Remagine Ventures we like to say that “we invest in technologies that change how people spend their time and money”. Advancements in technology and changing cultural behaviour are big drivers of this trend and Covid-19 was like pouring gasoline on fire.  As we are spending more of our resources online, we believe that a “new Internet” is being created – with the consumer at its centre – on top of a strong tech infrastructure: 5g/6g, cloud, edge computing, new po...
Tags: Apple, Google, Facebook, South Korea, Uncategorized, US, Tel Aviv, Trends, Nintendo, Gucci, Toya, Roblox, Anat, Remagine Ventures, Kevin Baxpehler, Epic Roblox MantiCore Games Unity Animal Crossing


Epic Games asks for Apple's help to put South Korea's alternative app payments law to work

Promises to offer App Store as an option, but needs its developer account to be reinstated to do that Epic Games has decided to put South Korea's new law requiring Apple and Google to offer third-party payment options in their app stores to the test.…
Tags: Apple, Google, South Korea, Software, App Store


Epic Games asks Apple to reinstate Fortnite in South Korea after new law

Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both Epic and Apple payments side-by-side, said in a tweet on September 10. Epic has asked Apple to restore our Fortnite developer account. Epic intends to re-release Fortnite on iOS in Korea offering both Epic payment and Apple payment side-by-side in compliance with the new Korean law. — Fortnite (@FortniteGame) September 9, 202...
Tags: Apple, TC, South Korea, Japan, India, Tech, Epic, Korea, Apple Store, Epic Games, In-app Purchase, U S, Google Apple, Fortnite, Fortnite Twitter, Apple Epic


Epic Games Asks Apple to Restore Fortnite in South Korea Following Ban on In-App Purchase Requirement [Update]

Epic Games today said that it has asked Apple to reinstate its Fortnite developer account because it intends to release Fortnite in South Korea. South Korea in late August passed a bill that bans Apple from requiring developers to use its in-app purchase system. The bill forces Apple (and Google) to let developers use third-party payment methods to make purchases. ‌Epic Games‌ now says that it intends to release Fornite in Korea and offer both Epic payment and Apple payment options side-by-s...
Tags: Apple, Google, South Korea, Epic, Korea, App Store, Epic Games, Apple Apple, MacRumors Apple, South Korea South Korea, Fortnite, Fornite, Epic Games vs. Apple, Epic Games Asks Apple


Epic Games Asks Apple to Restore Fortnite in South Korea Following Ban on In-App Purchase Requirement

Epic Games today said that it has asked Apple to reinstate its Fortnite developer account because it intends to release Fortnite in South Korea. South Korea in late August passed a bill that bans Apple from requiring developers to use its in-app purchase system. The bill forces Apple (and Google) to let developers use third-party payment methods to make purchases. ‌Epic Games‌ now says that it intends to release Fornite in Korea and offer both Epic payment and Apple payment options side-by-s...
Tags: Apple, Google, South Korea, Epic, Korea, Epic Games, South Korea South Korea, Fortnite, Fornite, South Korea Apple, Epic Games vs. Apple, Epic Games Asks Apple


Epic Games Asks Apple to Allow Fortnite's Re-Release in South Korea After Passage of New Law

(Reuters) -"Fortnite" creator Epic Games has asked iPhone maker Apple to restore its Fortnite developer account and intends to re-release the...
Tags: Apple, South Korea, Reuters Fortnite


Ford hires the longtime Tesla executive who led Apple's secretive electric car project

Ford Ford hired a longtime Apple and Tesla executive. Doug Field will help develop parts of Ford's new software products and connected car services. Field ran Apple's secretive electric car project and oversaw the development of the Tesla Model 3. See more stories on Insider's business page. Ford on Tuesday announced it had hired Doug Field, a longtime executive at Apple and Tesla, as its new chief advanced technology and embedded systems officer. Field most recently served ...
Tags: Apple, South Korea, Trends, Tesla, Ford, Hyundai, Reuters, Ford Ford, Doug Field, Tesla Field, Apple Field, Tim Levin, Blue Oval Intelligence


Hyundai Motor Group unveils its hydrogen strategy, plans to offer fuel cell versions of commercial cars by 2028

Hyundai Motor Group is backing hydrogen as a top energy solution for sustainability. With its new fuel cell system that it plans to launch in the next few years, the South Korean automaker said it will provide hydrogen fuel cell versions for all its commercial vehicles by 2028. Hyundai announced its strategy for the future of hydrogen on Tuesday during a live stream of the automaker’s Hydrogen Wave conference. Saehoon Kim, executive vice president and head of the fuel cell center at Hyundai Moto...
Tags: Transportation, South Korea, Tech, Munich, Automotive, United States, Switzerland, Kim, Hyundai, Daimler, Hydrogen Fuel Cells, Hyundai Motor, Europe China, Hyundai Motor Group, IAA, Hyundai Kia


H2O Hospitality secures $30M Series C to expedite hotel digital transformation

The pandemic has triggered more demand for contactless and staff-less operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million round on the back of that boost. The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. The Series C round (equivalent to about 34 billio...
Tags: Startups, TC, Asia, South Korea, Japan, Digital Transformation, Indonesia, Southeast Asia, Singapore, Funding, Tech, Korea, M&a, Bob, Bangkok, Lee


Daily Crunch: Fintech startup Jeeves snags $500M valuation after $57M Series B

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for September 3, 2021. As noted yesterday, most of TechCrunch has the day off so today’s newsletter is a little bit different than usual. Up top let’s chat early-stage startups. The TechCrunch team spent an age this week cataloging a host of startups from Y Combinator’s marathon demo day, with our notes covering all presentations f...
Tags: Apple, TC, South Korea, Japan, China, Tech, United States, Ryan Lawler, Fintech, Don, Newsletters, Carly Page, Mary Ann Azevedo, Metrick, Brex, Daily Crunch


Online learning platform CLASS101 bags $26M Series B to support growth

Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. Creative professionals continue to look for ways to monetize their talents and knowledge through online education platforms like CLASS101 that bring stable incomes and improve opportunities. CLASS101, a Seoul-based online education platform, announced today it has closed $25.8 million (30 billion won) Series B funding to accelerate its growth in South Kor...
Tags: Startups, TC, Asia, South Korea, Japan, Education, Youtube, Softbank, Tech, Seoul, Edtech, KO, Goodwater Capital, Online Education, E-learning, Eric Kim


Online learning platform Class 101 bags $26M Series B to support growth

Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. Creative professionals continue to look for ways to monetize their talents and knowledge through online education platforms like Class 101 that bring stable incomes and improve opportunities. Class 101, a Seoul-based online education platform, announced today it has closed $25.8 million (30 billion won) Series B funding to accelerate its growth in South K...
Tags: Startups, TC, Asia, South Korea, Japan, Education, Youtube, Softbank, Tech, Seoul, Edtech, KO, Goodwater Capital, Online Education, E-learning, Eric Kim



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