Google, Meta Face Record Fines in South Korea over Privacy Violations

A 3D printed Facebook's new rebrand logo Meta is seen in front of the displayed Google logo in this illustration taken on November 2, 2021. (Reuters)
A 3D printed Facebook's new rebrand logo Meta is seen in front of the displayed Google logo in this illustration taken on November 2, 2021. (Reuters)
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Google, Meta Face Record Fines in South Korea over Privacy Violations

A 3D printed Facebook's new rebrand logo Meta is seen in front of the displayed Google logo in this illustration taken on November 2, 2021. (Reuters)
A 3D printed Facebook's new rebrand logo Meta is seen in front of the displayed Google logo in this illustration taken on November 2, 2021. (Reuters)

South Korea has fined Google and Meta more than $71 million collectively for gathering users' personal information without consent for tailored ads, regulators said Wednesday, the country's highest-ever data protection fines.

Investigations into the two US tech giants found they had been "collecting and analyzing" data on their users, and monitoring their use of websites and applications, the Personal Information Protection Commission said.

The data was used to "infer the users' interests or used for customized online advertisements", it said, adding that neither Google nor Meta had clearly informed South Korean users of this practice or obtained their consent in advance, AFP said.

As a result, Google was fined 69.2 billion won ($49.7 million) and Meta 30.8 billion won ($22.1 million).

"It is the largest fine for the violation of the Personal Information Protection Act," the commission said in a statement.

Regulators said the majority of the users in South Korea -- 82 percent for Google and 98 percent for Meta -- had unknowingly allowed them to collect data on their online use.

"It can be said that the possibility and the risk of infringement of the rights of the users are high," the statement said.

Last year, South Korea fined Google nearly $180 million for abusing its dominance in the mobile operating systems and app markets, saying it was hampering market competition.

Giant US tech companies are regularly criticized for dominating markets by elbowing out rivals, with multiple governments globally seeking to rein them in.

The European Union has slammed Google with record antitrust penalties, and also gone after Apple and Microsoft.



Trump to Announce $100B SoftBank Investment in the US

House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
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Trump to Announce $100B SoftBank Investment in the US

House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in US projects over the next four years.

That's according to a person familiar with the plans who spoke on condition of anonymity before the planned announcement. Trump is set to speak at his Mar-a-Lago resort at 11 a.m., marking the first time he will address reporters since he won the election last month, The AP reported.

Japanese technology group SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

The announcement will come days after Trump vowed to expedite federal permits for energy projects and other construction worth more than $1 billion.

In a post on his Truth Social site Tuesday, Trump said anyone making a $1 billion investment in the United States “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”

“GET READY TO ROCK!!!” he added.

The announcement was first reported by The Wall Street Journal.