South Korea fines Google $32m for blocking rival app store

South Korea fines Google $32 million for using market power to stymie rival app store

South Korea’s Fair Trade Commission today slapped Google with a ₩42.1 billion fine for attacking a rival app store with anticompetitive practices.

OneStore merged the app stores of South Korea’s top three telcos and Naver, an internet search company that is the nation’s number one online destination. The four entities behind OneStore therefore had plenty of loyal and engaged customers to target, and the combined muscle to make the business successful.of its fine spells out, without apps users wanted – especially games - OneStore struggled.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheRegister /  🏆 67. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leaked Pentagon Docs Put U.S.-South Korea Alliance in Spotlight“I think the Korean public is really upset that the U.S. is not trusting South Korea,” says one analyst about the incident
Read more »

New nuke power talks between UK and South Korea as Shapps sizes up clean energy dealGreen power deal could see UK wind power and South Korea's nuclear reactors prise Putin's grip free from 'weaponised' global energy
Read more »

Pay $20k and infect Android devices via Google Play storeHow much to infect Android phones via Google Play store? How about $20k
Read more »

New Google Pixel 7a image leaks show off the phone in three colorsThere's a new blue
Read more »

Google to kill Dropcam and Nest Secure hardware next yearGreat, more company for Stadia, Duo and pals in the graveyard
Read more »