South Korea's antitrust regulator has fined Alphabet Inc's Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor's platform.
A woman holds her smart phone, which displays the Google home page, in this picture illustration taken February 24, 2016. REUTERS/Eric Gaillard/Illustration/File PhotoGoogle 42.1 billion won for blocking the release of mobile video games on a competitor's platform.
The Korea Fair Trade Commission said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store's revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018."Google makes substantial investments in the success of developers, and we respectfully disagree with the KFTC's conclusions", a spokesperson said.
The KFTC said the move against the U.S. technology giant is part of efforts by the government to ensure fair markets.
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