Page 3 - One Store News Today

South Koreas antitrust regulator slapped a fine of over 31.8 million on Google and its regional arms for unfair business practices in the Korean mobile gaming app market. -- aaa

Google believes that there has been no violation of the law, and it will carefully review the decision to evaluate the next course of action.

(ATTN: ADDS Google's comment in 14th para)By Kang Yoon-seung SEOUL, April 11 (Yonha...

South Korea’s watchdog has fined Google 42.1 billion won (~ $32 million) for blocking the release of mobile video games on its local peer.

The Korea Fair Trade Commission (KFTC) said on Tuesday 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.

Koreas antitrust regulator said Tuesday it has decided to slap a fine of 42.1 billion won ($31.8 million) on Google LLC and its regional arms for unfair business practices aimed at solidifying its dominance in the Korean mobile gaming app market.

Google tried to block Korean platform rival One Store Co.’s business development, Korea’s Fair Trade Commission said in an e-mailed statement Tuesday.

Google said it will review the final decision by the KFTC to evaluate the next course of action.

Google said it does not agree with the Korean FTCs decision, claiming it has not violated any local competition laws.

SEOUL (Reuters) - South Korea's antitrust regulator has fined Alphabet Inc's Google 42.1 billion won ($31.88 million) for blocking the release of mobi...