The South Korean government has imposed a heavy fine of $32 million on Google for squeezing a local video gaming firm. The South Korean governmental body accused Google of exploiting its market dominance by blocking its rivals from releasing video games.
Google’s Share In South Korea Skyrocketing
The Fair Trade Commission (FTC) of South Korea has accused Google of offering game app makers conditional deals that resulted in the exclusion of One Store, a competing app store launched in 2016. As a result, Google’s share of the mobile app market in South Korea increased from 80% to 90% over the next two years, largely at the expense of One Store.
According to a spokeswoman for Google, the company does not believe it has violated any laws. She stated that Google makes significant investments to support the success of developers and disagrees with the conclusions of the Korean Fair Trade Commission (KFTC). The company plans to thoroughly examine the KFTC’s final written decision when it becomes available and decide on its next steps accordingly.