South Korea's antitrust regulator fines Google $177 million for abusing mobile market dominance

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Google allegedly used its market position to block smartphone makers from using operating systems developed by rivals, according to the regulator.

, said the tech giant required smartphone makers to agree to an "anti-fragmentation agreement " when signing key contracts with Google over app store licenses and early access to the operating system.

That agreement prevented device makers from installing modified versions of the Android operating system, known as "Android forks," on their handsets, Yonhap reported. The regulator alleged that Google's practice stifled innovation in the development of new operating systems for smartphones, the news site added. The KFTC has asked the tech giant to stop forcing companies to sign AFAs and ordered it to take corrective steps, according to Yonhap.has spurred hardware and software innovation, and brought success to Korean phone makers and developers.

"The KFTC's decision released today ignores these benefits, and will undermine the advantages enjoyed by consumers. Google intends to appeal the KFTC's decision," the spokesperson told CNBC in a statement. Tuesday's fine is small compared with the tech giant's quarterly figures. Last quarter, Google's parent company Alphabet

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Must be nice to have a government that enforces anti-trust laws.

Securing your investment requires a well inclined manager that gives the best service, that's why you have Cryptoprofe

Like million, with an M?! That’s not a mistake? Kek

thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines