Tag

Regulatory Enforcement

All articles tagged with #regulatory enforcement

Seoul court fines Michelin-starred Evett for serving unapproved ant garnish
food-and-safety26 days ago

Seoul court fines Michelin-starred Evett for serving unapproved ant garnish

A Seoul court has fined the operator and chief executive of Evett, a two-Michelin-star restaurant in Gangnam, for serving a dessert topped with ants, an insect not approved for consumption under South Korean food safety laws. The restaurant was fined 10 million won, and its chief executive, Ginny Kim, was fined 15 million won. Prosecutors had sought a one-year prison term for Kim and a 20 million won fine for the company. The judge noted that the ants contained heavy metals above permitted levels but considered mitigating factors, including the defendants' admission of guilt and lack of prior criminal record. The ants were imported from the US and Thailand and served from April 2021 to January 2025.

Big Tech's Billion-Dollar Fines: Paid or Evaded?
technology2 years ago

Big Tech's Billion-Dollar Fines: Paid or Evaded?

Big tech companies, including Meta (formerly Facebook), TikTok, Amazon, Google, and Apple, have been accumulating billions of dollars in fines for various violations such as price fixing, antitrust abuses, and data misuse. However, many of these fines remain unpaid for years as the companies appeal the decisions. Critics argue that financial penalties alone are insufficient to deter bad behavior and call for more drastic action, such as competition regulators stepping in to halt mergers and break up the companies. Uneven application of rules and lenient appeals processes contribute to the problem, while activists emphasize the need for corrective measures beyond fines.