Tuesday, April 11, 2023

South Korea fines Google $32 million for squeezing local rival

South Korea fined Alphabet Inc.’s Google 42.1 billion won ($32 million) for using its clout in the mobile app market to squeeze out a local rival, the latest sign of intensifying scrutiny on the US tech firm as it seeks to expand overseas.

Google tried to block Korean platform rival One Store Co.’s growth, Korea’s Fair Trade Commission said in an e-mailed statement Tuesday.[Bloomberg]

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