The news: Google was fined 42.1 billion won ($32 million) by South Korea’s Fair Trade Commission (KFTC) for blocking mobile video game developers from a rival Korean mobile app platform called One Store, per TechCrunch.
More than a slap on the wrist: The fine is a result of Google’s alleged efforts to require Korean video game companies to exclusively release new games on the Play Store from June 2016 to April 2018.
Repeat offender: This isn’t the first time Google has faced regulatory scrutiny in South Korea.
Google’s response: “Google makes substantial investments in the success of developers, and we respectfully disagree with the KFTC’s conclusions. We believe that there has been no violation of the law,” a spokesperson at Google said.
Our take: Google—which is facing various antitrust charges outside the US, including $160 million fine in India and $155 million in the UK—is treading on dangerous ground and could incite intensifying regulatory scrutiny at a time when it’s scrambling for economic recovery and cutting costs.
This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
11 Times SquareNew York, NY 100361-800-405-0844