South Korea's telecommunications regulator fined telecom giant KT Corp. 500 million won for making its internet service slower for 24 of its high-speed internet users.
The telecom operator also frequently failed to conduct speed tests when opening new internet services, and of operating at speeds that did not meet the minimum limit.
A South Korean YouTuber complained of KT's slow internet service speeds earlier this year, prompting the government investigation.
KT recorded 24,221 cases of such offenses, while LG Uplus Corp. had 1,401 and SK Telecom Co. and its subsidiary posted 155.
Local internet service providers are required to notify users of such matters before opening services.
The regulator ordered LG and SK to take corrective measures but did not fine them.


Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
US Treasury Yields Near 5% as Oil Fuels Inflation Fears
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build
UN Chief Raises Concern Over US Sanctions on ICC Officials
Brazil Court Suspends Sigma Lithium Mine Operations
Bashar al-Assad Sentenced to Death by Syrian Court
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules
Judge Blocks Trump Rule Limiting Foreign Student Visas
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers
OpenAI Rejects Apple Trade Secret Theft Claims
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets
US Judge Dismisses Imran Ahmed Deportation Lawsuit
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
Mahmoud Khalil Sues Columbia Over Alleged Pro-Palestinian Harassment
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 



