Categories: BusinessNewsWorld

S.Korean antitrust agency fines Google $177 mln for abusing market dominance

SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system (OS) market.

The Korea Fair Trade Commission (KFTC) investigated Google for allegedly preventing local smartphone makers from customizing its Android OS.

The fine is the latest antitrust setback for Google in South Korea. Earlier this month, parliament passed a bill to ban major app store operators such as Google from forcing software developers to use their payment systems and effectively stopping developers from charging a commission on in-app purchases. read more

KFTC said the fine could be the ninth-biggest it has ever imposed.

It said Google has hampered market competition by requiring smartphone makers to abide by an “anti-fragmentation agreement (AFA)” when they sign key contracts with Google regarding app store licenses.

Under the AFA, device makers were not allowed to install modified versions of Android, known as “Android forks”, on their devices.

This practice has helped Google cement its market dominance in the mobile OS market, the KFTC said.

Google was not immediately available for comment on Tuesday.

($1 = 1,171.8500 won)

Reporting by Heekyong Yang; Editing by Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.

World Economic Magazine

Recent Posts

Timely Delivery The Key For Developers In Face Of Rising Dubai Construction Costs

Century Tower completes handovers two months ahead of schedule in Business Bay as wider delay…

2 days ago

Dubai Real Estate Evolves Into Dual-Track Market With Homes As Lifestyle Assets, Says Luxury Developer

Keturah founder pinpoints critical shifts that will transform the property landscape in 2026 Dubai, UAE,…

2 days ago

ET NOW Global Business Summit 2026 to reflect on ‘A Decade of Disruption, A Century of Change’

South Asia’s definitive thought leadership dialogue, The Times Group’s ET NOW Global Business Summit 2026…

2 days ago

M&D Appoints Industry Veteran Tom Rizzi as Chief Executive Officer

M&D has appointed industry veteran Tom Rizzi as Chief Executive Officer effective January 1, 2026

7 days ago

Architectural Masterpiece by Thomas Schoos Hits the Market at $36,888,888 in Beverly Hills

A striking new architectural landmark has entered the luxury market at 1140 Summit Drive in…

1 week ago

Three Group Solutions Delivers Private 5G Network Across Hutchison Ports’ UK Operations

Three Group Solutions has completed the deployment of a private 5G network across key Hutchison…

1 week ago