But they are notorious for murky governance structures, oligopolistic business practices and close ties with the political elite. Over the past few weeks politicians have ramped up the rhetoric. “Kakao has turned from a symbol of growth and innovation into a symbol of old greed,” Song Young-gil, a leader of the ruling Minjoo party, told the National Assembly this month. “We will find a way to stop its rapid expansion and help it coexist with small-business owners,” he warned. The same day regulators ruled that some financial services offered by Kakao and Naver violated consumer-protection laws because the platforms were not registered as intermediaries. The two companies will now be required to abide by brokerage regulations. Spooked investors dumped Kakao and Naver shares, shaving a tenth, or $11bn, off their combined stockmarket value. Korean trustbusters, for their part, are investigating allegations that Kakao’s taxi-hailing service favours its own pricier cabs. They want e-commerce platforms to draw up proper contracts with third-party sellers, and specify what commissions they earn. In August Coupang, the country’s biggest e-commerce firm, was fined 3.3bn won ($2.8m) for pressing suppliers to lower prices. South Korea’s largely unregulated crypto-exchanges will have to register as legal trading platforms. The techlash is not limited to domestic tech darlings. On September 14th regulators fined Google $177m for not allowing versions of its Android operating system to be installed on locally made smartphones. And last month South Korea became the first country to oblige Apple and Google to accept alternative payments systems in their app stores. App developers like Epic Games, which suffered a courtroom defeat against Apple in America on September 10th, welcomed the move. The maker of “Fortnite” invoked the South Korean law to try to get its app reinstated on Apple’s app store, from which it had been booted for breaching rules that barred such in-app payments.https://www.economist.com/business/2021/09/18/south-koreas-government-sees-tech-firms-as-the-new-chaebol
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Gleision: Call for inquest into mining disaster 10 years on image captionCharles Breslin, David Powell, Philip Hill and Garry Jenkins (l-r) died after water rushed into the Gleision colliery a decade ago The families of four miners who died in a south Wales colliery disaster 10 years ago are calling for an inquest. Charles Breslin, 62, David Powell, 50, Phillip Hill, 44, and Garry Jenkins, 39, died when water flooded the Gleision drift mine in September 2011. The mine's manager and owners were cleared of manslaughter charges in 2014 . Charles Breslin's widow, Mavis, said she felt "cheated" of a husband and an inquest. The Health and Safety Executive (HSE) said it could not comment because the investigation into the inrush and subsequent trial were led by the police and Crown Prosecution Service. image captionThe mine shaft flooded after a controlled explosion on 15 September 2011 Lynette Powell, whose husband David celebrated his 50th birthday in the weeks before he died, said all she had was a temporary death certificate. "That is no closure for me," she said. "I haven't got an inquest. Not only for me, for all the families." It comes as two survivors of the Gleision mine tragedy told the Wales Investigates programme they felt their colleagues' deaths in 2011 had been "swept under the carpet". image captionNigel Evans and Jake Wyatt were two of only three survivors of the Gleision mine disaster In their first media interview since the tragedy, Jake Wyatt, 68, and Nigel Evans, 49, spoke of alleged illegal workings in the mine, and said they felt authorities had failed to get to the bottom of what might have caused the four miners' deaths. While it's not known what, if any, impact these alleged illegal workings had on the inrush, Lee Reynolds, a former surveyor for Gleision mine who gave evidence in the trial, questioned whether they had been noticed or acted on by the HSE. Mr Reynolds has been working with Maria Seage, the co-owner of Gleision mine, to get more information on the HSE's role over the years and its subsequent investigation. He called on authorities to look into whether opportunities to improve safety at the mine prior to the inrush had been missed. He said: "When you get a major incident - and I believe four people getting killed tragically is a major incident - they have a prior role investigation. It should be undertaken independently. "With what we're finding in our investigation, a prior role investigation should have been undertaken, but wasn't." image captionLee Reynolds, a former surveyor for Gleision mine, has called on authorities to consider whether opportunities had been missed The water inrush at the Gleision drift mine, near Cilybebyll, Neath Port Talbot, on 15 September 2011, happened after the men blasted through to old, disused workings in an effort to improve air circulation in the mine. The mine manager Malcolm Fyfield said he had checked the old workings for water prior to the accident and found none, but in court he was accused of gross negligence manslaughter for failing to notify the HSE of his intentions to knock through to the old workings, which was a legal requirement. Mr Fyfield, 58, and owners MNS Mining were found not guilty of manslaughter charges [gross negligence manslaughter and corporate manslaughter, respectively] following a three-month trial in 2014. The jury in the multimillion-pound trial reached not guilty verdicts after just 30 minutes of deliberation. Following the trial, the acting coroner for Swansea decided not to not to hold full inquests for the four men.https://www.bbc.co.uk/news/uk-wales-58502559