Yahoo blames 'challenging business and legal environment' for China exit

Nov 03, 2021 09:12 am UTC| Law Economy Business

Yahoo stopped providing content for users in mainland China as of Nov. 1 due to the increasingly challenging business and legal environment, and directed users of Yahoo and AOL mail to other links. Chinese media...

S. Korea's ruling Democratic Party eyes postponement of virtual asset taxation

Nov 02, 2021 23:42 pm UTC| Law Digital Currency Economy

South Korea should postpone the planned virtual asset taxation to 2023 as there are no related laws regarding virtual assets, says Rep. Kim Byung-wook of South Koreas ruling Democratic Party (DP) The country plans to...

Law firms hasten formation of specialized NFT groups

Oct 31, 2021 23:44 pm UTC| Law Digital Currency

Law firms are establishing nonfungible token (NFT) groups or beefing up existing blockchain teams to address client needs on the rapidly growing technology. Among law firm clients are musicians and visual artists who...

S. Korean restauranteur probed by prosecutors for misusing customer info in contacting woman

Oct 31, 2021 23:43 pm UTC| Law Economy Business

Prosecutors are investigating a male restaurant owner in Asan for allegedly contacting a female customer after obtaining her phone number from the visitor register in violation of the Personal Information Protection...

Johnson & Johnson spends $800 million to settle most gynecomastia lawsuits

Oct 31, 2021 19:18 pm UTC| Law Economy

Johnson Johnson disclosed that it spent $800 million in settling substantially all of the roughly 9,000 cases by men who claimed having developed excessive breast tissue in using the companys antipsychotic drug...

BTS’ agency warns of legal action against Army Coin's agency

Oct 30, 2021 23:21 pm UTC| Law Digital Currency Economy

Hybe, the K-pop corporation behind BTS, denied any connections with a cryptocurrency called Army Coin and warned of legal action against it for infringement. Army Coin has been listed on Bitget, a crypto exchange...

S. Korean watchdog proposes Facebook pay 300,000 won per victim over personal data breach

Oct 30, 2021 15:57 pm UTC| Law Economy Technology

The South Korean watchdog on personal information protection proposed that Facebook pay 300,000 won in compensation to each of 181 users over breach of their data. The Personal Information Protection Commission (PIPC)...