On Thursday, August 8, KST, a senior official of South Korea’s state-run Anti-Corruption and Civil Rights Commission (ACRC), was found dead under mysterious circumstances. The official had led high-profile and politically sensitive investigations involving bigwigs like First Lady Kim Keon Hee and the former opposition leader, Lee Jae Myung. The officer, Mr. Kim, was found dead in […]
UK launches formal probe into Amazon’s ties with AI startup Anthropic
The U.K.’s antitrust regulator has confirmed that it’s carrying out a formal antitrust investigation into Amazon’s ties with Anthropic, after Amazon recently completed a $ 4 billion investment into the AI startup. The news comes a week after the Competition and Markets Authority (CMA) revealed it was launching an invitation to comment into Google’s own ties […]
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade Commission announced that it had launched an investigation into two major South Korean e-commerce platforms owned by Qoo10—Ticketmonster (TMON) and WeMakePrice—for failing to pay out […]
FIFA Says Opening Probe Into Argentina Players' Racist Chants
FIFA said on Wednesday it was opening an investigation into racist chants by Argentina players after they won the Copa America. “FIFA is aware of a video circulating on social media and the incident is being looked into,” a spokesperson for world football’s governing body said. They added: “FIFA strongly condemns any form of discrimination […]
Microsoft faces UK antitrust probe after hiring Inflection AI founders and employees
Microsoft is facing a full regulatory probe in the U.K. after the tech giant hired the core team behind Inflection AI, a U.S.-based OpenAI rival Microsoft had previously invested in. The Competition and Markets Authority (CMA) today announced that it’s launching a “phase 1” merger inquiry, which kicks off a 40-working day investigative period where it […]