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The punishment came as the U.S.-based global tech giant made shady agreements with South Korean mobile game companies.

Exam fees, affiliation fees, the sale of textbooks and publications, registration fees, sports fees, training costs, and other academic receipts are a few examples of income.

In October last year, when Musk was in the process of finalising the purchase of Twitter, he restated that X remains his long-term plan for the business.