
South Korea delays decision on Google's request for map data exports
The move comes as South Korea and the United States are preparing for a summit of their leaders, possibly this month, after reaching a trade deal in late July.
South Korea previously rejected a request from Google, whose parent is Alphabet (GOOGL.O), opens new tab, for permission to use map data on servers outside the country in 2016 and 2007, citing security concerns.
South Korea, whose 1950-53 war with North Korea ended without a peace treaty, argues that if it allowed such data to leave the country, the locations of military facilities and other sensitive sites could be revealed.
But the U.S. said restrictions on cross-border data flows have long served as a barrier to operating navigation services through Google Maps and Apple Maps, resulting in U.S. companies losing out in the South Korean market.
South Korea did not make concessions on the map issue and also on further opening up agriculture despite early and intense bilateral talks, presidential adviser Kim Yong-beom had said.
It was not clear whether the issues will be discussed at the upcoming summit.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South Wales Guardian
5 minutes ago
- South Wales Guardian
North Korean and Russian leaders in call to reaffirm alignment over Ukraine
The call came ahead of Mr Putin's planned meeting with US president Donald Trump in Alaska. During the call on Tuesday, Mr Putin praised the 'bravery, heroism and self-sacrificing spirit' displayed by North Korean troops as they fought with Russian forces to repel a Ukrainian incursion into Russia's Kursk border region, North Korea's official Korean Central News Agency (KCNA) said. Mr Putin also shared with Mr Kim information about his upcoming talks with Mr Trump scheduled to take place on Friday, according to Russia's TASS news agency, citing the Kremlin. Mr Kim told Mr Putin that Pyongyang would fully support 'all measures to be taken by the Russian leadership in the future, too', as they discussed advancing ties in 'all fields' under a strategic partnership agreement they signed during a summit last year, KCNA said. Since Russia's invasion of Ukraine, Mr Kim has made Moscow the priority of his foreign policy as he aims to break out of diplomatic isolation and expand relations with countries confronting Washington. His government has dismissed Washington and Seoul's stated desires to restart diplomacy aimed at defusing the North's nuclear programme, which derailed in 2019 following a collapsed summit with Mr Trump during his first term. According to South Korean assessments, North Korea has sent around 15,000 troops to Russia since last autumn and also supplied large quantities of military equipment, including artillery and ballistic missiles, in support of Mr Putin's war efforts against Ukraine. Mr Kim has also agreed to send thousands of military construction workers and deminers to Russia's Kursk region, a deployment South Korean intelligence believes could happen soon.


Reuters
6 minutes ago
- Reuters
India markets regulator proposes to add algo trading into stock broker regulations
MUMBAI, Aug 13 (Reuters) - India's markets regulator on Wednesday proposed to include new market practises such as algorithmic trading and proprietary trading in its master regulations. At present, such activities are covered under broad guidelines and circulars that are legally binding and issued whenever needed, but the Securities and Exchange Board of India (SEBI) now aims to provide a more formal structure. These proposals come a month after SEBI temporarily barred U.S.-based trading firm Jane Street, citing manipulation of key indexes. SEBI has invited market feedback on these proposals until September 3. Proprietary trading houses, which use their own funds to profit from market moves, and foreign investors made gross profits of 330 billion rupees and 280 billion rupees, respectively, from the Indian market in the three years to March 2024. Most of these profits were generated using trading algorithms that place trades using automated execution logic. Once the proposals are formalised, changes to the norms may require approvals from SEBI's board, which includes government nominees. The SEBI proposal also includes the need for stock broking firms' boards to have at least one director who has stayed in India for more than 182 days in a financial year to facilitate governing and implementation of compliance requirements. The regulator has also proposed to not define "small investors" by their trade size - of cash transactions of not more than 50,000 rupees ($570.09) - anymore. SEBI data shows that nearly 91% of retail traders, mostly small investors, made losses totaling 524 billion rupees in the derivatives market in 2024. "As the definition is no longer relevant, it is proposed to delete the same from regulations," SEBI said. The regulator also proposed to align regulations better with other capital market intermediary regulations. ($1 = 87.7060 Indian rupees)


Reuters
6 minutes ago
- Reuters
Lilly launches Mounjaro pen in India priced at $160
Aug 13 (Reuters) - Eli Lilly (LLY.N), opens new tab launched the pre-filled injector pen of its blockbuster weight-loss drug Mounjaro for 14,000 rupees (nearly $160) for its starting dose of 2.5 mg in India on Wednesday, stepping up competition with rival Novo Nordisk ( opens new tab. ($1 = 87.6650 Indian rupees)