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South Korean antitrust agency fines Google $177 million for abusing market dominance

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SEOUL: South Korea’s antitrust regulator fined Alphabet Inc. Google 207 billion won ($ 176.64 million), saying the US tech giant abused its dominant position in the market to restrict competition in the mobile operating system market.
The Korea Fair Trade Commission (KFTC) investigated Google for allegedly blocking local smartphone makers from using other operating systems.
The fine is Google’s latest antitrust setback in South Korea. Earlier this month, parliament passed a bill to ban major app store operators like Google from forcing software developers to use their payment systems and to prevent developers from charging commissions for in-house purchases. app.
The KFTC said the fine could be the ninth largest it has ever imposed.
Google was not immediately available for comment Tuesday.





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