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.
The Korea Fair Trade Commission (KFTC) 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 said it will review the final decision by the KFTC to evaluate the next course of action.
"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 US technology giant is part of efforts by the government to ensure fair markets.
Game makers affected by Google's action include Netmarble, Nexon and NCSOFT, as well as other smaller companies, the antitrust regulator added.
In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system.
Q Mobility, Abu Dhabi’s leading public parking operator, and Parkin Company, Dubai’s largest provider of public parking facilities and services, have signed a Memorandum of Understanding to strengthen cooperation.
The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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