June 24, 2024



South Korean regulator slaps Google with $177mn fine for antitrust violations & abusing market dominance


September 14, 2021

Google’s parent firm has been made to cough up some $177 million by a South Korean antitrust regulator, which accused the company of abusing its dominant position in the market and hampering industry competition.

The fine of $176.64 million (207 billion won) was imposed by South Korea’s Fair Trade Commission (KFTC) on Tuesday, having launched a probe into the tech giant back in 2016 over suspicions it had prevented local affiliates from using operating systems developed by rival firms.

Read more…