OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street 
India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
Macquarie Names Greg Ward as CEO, Signaling Stability and Strategic Continuity 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
Google has been paying copyright fees for news in some countries, and this was after it formed the Google News Showcase, a licensing scheme where the company pays fees to news organizations. While this program was already implemented in other nations, South Korea has yet to have it.
Google implemented the copyright fees as it was pressured to do so. With the increasing efforts to bolster antitrust regulations on digital platforms, the American tech giant had to make an agreement with news organizations for the use of their respective content.
Now, The Korea Times reported that officials in South Korea revealed that change is also coming to the country as groups are demanding a measure to be imposed for a fair charge on major foreign tech firms.
As mentioned earlier, Google established the News Showcase scheme as a response to calls for payments over news that appear on its platform, but this has not been initiated in S. Korea yet. The country has a Newspaper Act, but according to the report, Google is not regarded as one of the news service providers under this policy, so officials are seeking to revise this law.
Rep. Kim Yeong Shik of the People Power Party was said to have proposed the amendment of the Newspaper Act in April so news organizations in the country will have the chance to grow further. Then again, it has yet to be seen if the bill could be passed at the National Assembly.
"Korea's internet service providers, Naver and Kakao, have been paying news organizations for reusing news content,” the local newspaper industry representative said. “They pay news fees by distributing their advertisement revenue, but Google does not."
There will be waiting time for the bill to be passed, but an insider suggested that the growing public opinion that the National Assembly should pass the revision quickly may force the officials to hasten the process. The public wants the Newspaper Act to be amended as soon as possible to prevent Google from using the country’s news organizations’ content for free.
Meanwhile, Google Korea decided to lower its commission fee for app developers in the country. Yonhap News Agency reported in March that the 30% rate on in-app purchases would be lowered to just 15%. The decision comes as the tech firm was inundated with complaints from app developers and software makers due to steep fees.
