South Korea's ICT ministry reminded global tech giants Google, Facebook, and Netflix and local tech firms Naver, Kakao, and Wavve, to provide stable services as mandated by the country's new law.
Last year, South Korea revised its Telecommunications Business Act to hold online content service providers accountable for failing to maintain stable services.
The ministry has notified the six companies and will finalize the designation early next month after consulting with them.
Companies that failed to meet the new rules could be fined administratively, with up to 20 million won each.
The revision was prompted by growing complaints against Netflix and Google after their services experienced outages.
The revised law also requires big online content providers to report service errors to the ministry. It applies to online firms accounting for 1 percent or more of the country's average daily data traffic in the last three months of a year and over a million daily users.
Global tech giants made up a significant portion of South Korea's daily data traffic in the final three months of 2020.
Google accounted for 25.9 percent of daily data traffic, followed by Netflix at 4.8 percent, and Facebook at 3.2 percent.


SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target
Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook
LG Electronics Stock Hits Record High on Nvidia AI Partnership Speculation
SoftBank to Invest €75 Billion in France AI Data Center Expansion by 2031
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion
Alphabet Unveils $80 Billion Capital Raise to Accelerate AI Expansion, Secures $10 Billion Backing from Berkshire Hathaway
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure
Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028
HPE Raises 2026 Outlook After Record Q2 Revenue Fueled by AI Server Demand
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results
Nvidia Unveils RTX Spark AI PC Chips, Expands Challenge to Intel, AMD, and Apple 



