Lawmakers from both the ruling and opposition parties criticized Coupang on Monday for refusing an on-site investigation by the antitrust regulator, warning that its actions could undermine law enforcement and calling for legislation to prevent companies from obstructing investigations. During a parliamentary audit of the Fair Trade Commission (FTC) at the National Assembly in Seoul, Rep. Min Byoung-dug of the ruling Democratic Party of Korea (DPK) said Coupang had blocked investigators from entering its premises, demanding that the FTC explain why it believed evidence could be destroyed. “There is a question of whether Coupang should be allowed to treat Korea’s public authorities this way,” Min said. “If Coupang brazenly disregards the FTC’s authority in Korea, other retailers will do the same … It will be a very bad precedent.” He also called for a committee resolution or a statement from the committee chair or party floor leaders condemning Coupang’s actions. Coupang refused the commission’s on-site investigation in August over suspected violations of the law governi
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GOP Rep. Tim Burchett (Tenn.) called on his party's congressional leadership — House Speaker Mike Johnson (La.) and Senate Majority Leader John Thune (S.D.) to "step up to the daggum plate" Saturday morning, urging the pair to pass legislation funding air travel infrastructure updates in light of Friday's nationwide ground stop. “We know that it...
MANILA, Philippines – The recent controversy surrounding the Pokemon TCG community has renewed conversation on safe spaces. You’re walking around an event, happy to see your hobby out in full display. With how frequently hobby gatherings and events have been happening, it’s no surprise that these interests would eventually be monetized one way or another.
Microsoft confirmed its services are fully restored as of Saturday after the tech company faced a massive global outage impacting its platforms earlier in the week. “We have completed our efforts to address the underlying issue of the incident and restored service to the remaining impacted customers and regions,” the company wrote in a post...
Italy announced Saturday it is handing Meta an $887 million fine for using photos and videos from Android users’ Facebook galleries without specific consent. Investigators found Facebook had enabled a “get suggestions from gallery when browsing” feature by default and requested access to users' personal photo library through a single permission notice, according to a...
Democratic Sen. Richard Blumenthal (Conn.) called on Howard Lutnick, President Trump’s Commerce secretary, to step down over reports the cabinet member shielded Nvidia from federal oversight — accusations which emerged after the tech giant's CEO resigned this week. Jensen Huang stepped down from Nvidia's chief role Thursday after claims came to light of his reported...
MANILA, Philippines – At the ASEAN Business & Investment Summit held today at the Solaire Resort Grand Ballroom, H.E. DTI Secretary Cristina Roque announced that the ASEAN Digital Economy Framework Agreement (DEFA) had just been signed and will be presented to the President tomorrow. What is DEFA? This agreement has lasting implications for the digital
An internet trade group, representing 30 members including Google, YouTube, Facebook and Instagram, has sued the state of New York challenging its law that requires social media platforms to provide state-approved warning labels for users. NetChoice's complaint said the state law violates the free-speech protections or First Amendment rights, Reuters reported. The law, that was signed...
SpaceX CEO Elon Musk wrote on Saturday that Nvidia will lose “critical deals” after CEO Jensen Huang’s exit from the company following reports of his extramarital affairs, including one with an alleged Chinese spy. “Jensen drove supply chain brilliantly at Nvidia, but many of those deals were a handshake with Jensen, not a written contract,”...
MANILA, Philippines – Microsoft apologized for the global Outlook outage, citing that a technical issue was the cause and that the issue has been resolved. “We are deeply sorry for the disruption this incident has caused our customers and partners,” began the statement. “This was a technical issue not related to cyber or AI /
While global markets focus on the geopolitical and business implications of Jensen Huang’s resignation from Nvidia, another fierce debate is raging among Asian-Americans: whether race played a role in the downfall of one of corporate America’s most recognisable Asian faces. At the heart of the unease is the lack of public evidence for the most explosive allegation against Huang: that he had a romantic relationship with a Chinese businesswoman reportedly engaging in espionage for Beijing. The New...