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Telecommunications & Media

EU smartphone repair disclosure rule still falling short after 1 year, study finds

More than 8 in 10 smartphones sold in the European Union fail to properly comply with rules requiring disclosure of repair procedures and replacement parts information, a study found. Right to Repair Europe said 82 percent of 2,334 models lacked necessary repair information. Only 18 percent provided links enabling consumers to immediately check repair steps and parts prices. The group also cited weak oversight that allows blank fields and broken links to pass.

Telecommunications & Media

Telecom operators\' user protection average score 873 points, down 13 points from year earlier

South Korea\'s Broadcasting Media Communications Commission said an assessment of user-protection work at 47 telecommunications operators showed overall performance fell or was flat from a year earlier. The average score for 39 companies, excluding eight pilot-assessment firms, was 873.3 points, down 13.4 points. Grades for large carriers generally declined. The regulator cited shortcomings among value-added operators and said it would withhold or delay penalty-reduction benefits for top-rated firms.

Finance

Fintech sector shifts from scale growth to profitability battle

South Korea\'s fintech sector is moving beyond scale expansion and into a battle over profitability. Toss operator Viva Republica, Naver Financial and Kakao Pay posted their first combined annual net profit last year, with revenue also hitting record highs. Hecto Financial reported its best-ever results and is stepping up global business plans, including cross-border settlements and prepaid payments for foreign tourists visiting South Korea.