South Korea fines Google $32 million for anticompetitive practices
By MYBRANDBOOK
South Korea's antitrust regulator has fined Alphabet Inc's Google $31.88 million for blocking the release of mobile video games on a competitor's platform.
The Korea Fair Trade Commission said that Google bolstered its market dominance, and hurt local app market One Store's revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018.
The KFTC said the move against the U.S. technology giant is part of efforts by the government to ensure fair markets.
The antitrust regulator added that game makers affected by Google's action include Netmarble, Nexon and NCSOFT, as well as other smaller companies. In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system.
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