Search results for Oct 1
Telecommunications & Media
Up to 6 percent fines on illegal spam sales take effect Oct 1
A system to impose fines of up to 6 percent of related sales on illegal spam senders and businesses that neglect prevention obligations will take effect next month. The Broadcasting Media and Communications Commission approved a revised enforcement decree and a related notice setting detailed measures for information and communications service providers. Fines will range from 1 to 6 percent, with benchmark amounts of 100 million to 2 billion won when sales are hard to calculate.
Telecommunications & Media
Optimal plan notification countdown stirs telecom industry
From next month, mobile carriers in South Korea will analyse subscribers’ usage and proactively notify them of more suitable rate plans under the optimal plan notification system. Users are expected to benefit by reducing cases of keeping plans that are more expensive than their actual usage. The telecom industry, however, expects pressure from potential declines in average revenue per user and costs to build related systems. The system will first apply to SK Telecom, KT and LG Uplus.
Telecommunications & Media
Callers with phone service suspended for non-payment to get access to 109 suicide prevention line
South Korea will allow users whose outgoing mobile calls are suspended for unpaid telecom bills to access the 109 suicide prevention counselling line. The Ministry of Science and ICT, the Ministry of Health and Welfare and the Anti-Corruption and Civil Rights Commission will designate 109 as an emergency telecommunications number. Telecom operators will be required to connect such callers regardless of service status. Phone makers will also add 109 to emergency call lists, enabling lock-screen access.
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Crypto
Australia steps up crypto regulation, sanctions from October for unlicensed firms
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People & Appointments
IMI sponsors mental health arts program, awards 24 winners
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Telecommunications & Media
Almost all Tving accounts compromised after poor access key management
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Crypto
X Money\'s key perk of 6 percent annual interest hit as New York rate drops to 0 percent from October
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Games & Commerce
Baemin revamps Baemin Club, strengthens free delivery and rewards
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Crypto
Stablecoins cannot fill U.S. long-term Treasury demand gap despite $73.3 billion
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Industry
Nvidia Q2 net profit $59.7 billion, up 126 percent year on year
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Finance
KakaoBank launches foreign currency account event, $100 draw for collecting three currencies
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General News
OpenAI releases texts and emails as Apple lawsuit turns messy
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Crypto
DAXA joins exchanges to prepare for expansion of telecom fraud refund law
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Finance
Banks to ease conditions for discounted loan rates, recognise debit card spending the same
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Crypto
Swyftx eyes crypto payments after securing Australian licence
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Crypto
Arthur Hayes says oil price rise could intensify Trump\'s anti-AI push, pressuring stocks and bitcoin
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Crypto
Bhutan accelerates bitcoin sales; holdings could hit zero around September
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Crypto
XRP retail holdings grow as addresses with 1,000 to 100,000 XRP hit record high