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.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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