South Korean antitrust regulator fines Google $177M for abusing market dominance –
Summary
The U.S. tech company has restricted market competition by prohibiting local smartphone makers like Samsung Electronics and LG Electronics from customizing their Android OS, through Google’s anti-fragmentation agreements (AFA), according to the antitrust regulator statement. “The KFTC’s decision released today ignores these benefits, and will undermine the advantages enjoyed by consumers. The commission has been investigating Google over the anti-competition practice in OS market since July 2016, a spokesperson at KFTC said. Google’s global mobile OS market share excluding China has been increased to 97.7% in 2019 from 38% in 2010, as per KFTC’s announcement. In late August, South Korea passed a bill to curb global tech companies including Google and Apple from imposing their own proprietary in-app payment service and commissions on app developers.
Classifications
AskAI Classifications
LabelsLinked Companies
