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Friday, September 17, 2021

S Korea fines Google with $177 million for abusing the market

 

South Korean antitrust agency fines Google $177 million for abusing market dominance
SEOUL: South Korea's antitrust controller on Tuesday fined Alphabet Inc's Google 207 billion won ($176.64 million), saying the US innovation monster mishandled its prevailing business sector position to limit rivalry in the portable working framework market. 

The Korea Fair Trade Commission (KFTC) examined Google for purportedly obstructing nearby cell phone producers from utilizing other working frameworks. 

The fine is the most recent antitrust difficulty for Google in South Korea. Recently, parliament passed a bill to boycott major application store administrators, for example, Google from constraining programming engineers to utilize their installment frameworks and viably preventing designers from charging commission on in-application buys. 

KFTC said the fine could be the 10th greatest it has forced at any point ever. Google was not quickly accessible for input on Tuesday.

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