South Korean Antitrust Regulator Fines Google US$177 Million for Abusing Market Dominance

South Korean Antitrust Regulator Fines Google US_177 Million for Abusing Market Dominance

Google has been fined 207 billion won (US$176.64 million) by a South Korean antitrust regulator for prohibiting customized versions of its Android operating system (OS) – the company’s second setback in less than a month.

According to the Korea Fair Trade Commission (KFTC), Google’s terms with device manufacturers amounted to an abuse of its dominant market position, limiting competition in the mobile OS market.

In a statement, Google stated that it intends to appeal. It claims that the ruling ignores the benefits of Android’s compatibility with other programs and harms consumer benefits.

To Read More: Reuters

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