Search results for FTC
Industry
Korea FTC rules Samsung misled consumers by omitting Galaxy GOS performance limits; company disputes finding
South Korea\'s Fair Trade Commission ruled Samsung Electronics misled consumers by promoting Galaxy devices\' gaming performance while omitting performance limits linked to its Game Optimizing Service. The FTC ordered corrective measures and a provisional 20.1 billion won fine. Samsung rejected the conclusion, saying the settings were a normal adjustment for heat management and sustained performance. The company said it would contest the decision in court after reviewing the written ruling.
Finance
Financial sector hacking spreads, delays gain support for digital asset tax postponement
A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.
Games & Commerce
Amazon fees may be pushing up online prices as U.S. authorities also probe
Critics say Amazon’s fee structure and pricing policy are pushing up product prices at other online stores as sellers seek to offset high costs. Data journalist Amanda Shendruk said the system could limit price competition across the broader e-commerce market. She estimated fees could reach $13.76 on a $30 clothing item when using related services. The FTC says the structure makes Fulfillment by Amazon effectively mandatory. California and Japan regulators have also taken action.
-
Games & Commerce
New York City implements \'click-to-cancel\' rule to make subscription cancellations as easy as sign-ups
-
AI & Enterprise
AI hacking responsibility fight heats up
-
AI & Enterprise
U.S. FTC opens probe into OpenAI, Anthropic to check risks of AI products
-
AI & Enterprise
Trump, big tech sign AI safety pact but it has no legal force
-
Industry
South Korea FTC begins pre-merger review of Uber-Delivery Hero deal
-
World
U.S. Defense Department CTO opposes government stakes in AI companies
-
AI & Enterprise
Former FTC chair Lina Khan says AI regulation possible under existing laws without new legislation
-
Industry
Automakers make money selling vehicle data as U.S. car privacy row spreads
-
Telecommunications & Media
FCC considers scorecard grading U.S. carriers on illegal spam call blocking
-
AI & Enterprise
OpenAI rolls out teen ChatGPT for 13 to 17-year-olds, says it can detect fake birthdates
-
Industry
Trump to impose up to 100 percent tariffs on drones and aircraft parts, 15 percent for South Korea
-
Telecommunications & Media
FTC orders mobile carriers to fix unfair terms limiting liability for personal data leaks
-
AI & Enterprise
Musk\'s xAI wins final approval for APR Energy acquisition to secure power for AI
-
Crypto
Mirae Asset clears Korbit takeover as Naver-Dunamu tie-up stalls
-
Crypto
FTC seeks views on Dunamu-Naver Financial combination; securities industry warns of entry barriers