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Home»Foreign»South Korea fines Google $32m for blocking sales on rival’s platform
Foreign

South Korea fines Google $32m for blocking sales on rival’s platform

meridianspyBy meridianspyApril 11, 2023No Comments1 Min Read
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South Korea’s competition watchdog on Tuesday imposed a fine of 42.1 billion won ($32 million) on Google.

The company was fined for using its dominant market position to block the sale of computer games on rival platform One Store.

The South Korean Fair Trade Commission said that Google had reached questionable agreements with game makers between June 2016 and April 2018 to ensure that they offered their products exclusively on Google Play.

In return, Google had offered certain marketing advantages to the game makers, the FTC said in a statement.

One Store’s value as a platform had declined as a result, it said.

“Google was able to extend its dominance in the App market,’’ FTC said.

Google denied the allegations, saying it had not infringed any competition laws. The tech giant said it would decide on further action after receiving the FTC ruling in writing.

One Store was set up in 2016 by three South Korean mobile phone providers and South Korea’s

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