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Telecommunications & Media

Broadcast Media Telecommunications Commission to scrutinise carrier incentives to curb steering to high-priced plans

South Korea\'s Broadcast Media Telecommunications Commission will strengthen its response to unfair sales practices after the abolition of the Mobile Device Distribution Act. From next month, it will monitor how the three mobile carriers pay incentives to agencies and retailers, and will focus inspections on practices that force or induce customers to sign up for high-priced plans or add-on services. It will also strengthen plan-change alerts, improve comparisons of extra subsidies and expand user reporting mechanisms.

Crypto

U.S. bank groups seek to tighten Clarity Act stablecoin rewards limits

Concerns are rising in both the banking sector and the crypto industry over the final version of the Clarity Act ahead of a U.S. Senate procedural vote. Eight U.S. banking groups asked Senate leaders to strengthen limits on stablecoin rewards, warning the revised bill could allow payments similar to deposit interest. Crypto industry figures also criticized the amendment for omitting protection from federal criminal prosecution for certain developers. The Senate plans a procedural vote on Sept. 16, requiring 60 votes to advance.

Mobility

U.S. Costco raises engine oil price and imposes purchase limits, raising questions over EV maintenance cost edge

U.S. retailer Costco has raised the price of its private-label synthetic engine oil and introduced purchase limits, a move seen as a sign of cost pressure across the engine oil supply chain. The increase is linked to higher base oil prices and supply strains, alongside longer-term demand for higher-performance lubricants. Rising engine oil costs could widen maintenance cost differences between electric vehicles and internal combustion cars, though analysts caution it may not sharply boost U.S. EV demand.