South Korea's Competition Regulator Accuses Google of Abusing Dominant Position in Android App Market
South Korea’s competition regulator has accused Google of abusing its dominant position in the Android app market, and signalled it will recommend corrective measures and a financial penalty. The Korea Fair Trade Commission said on Wednesday that its Market Surveillance Bureau found conduct affecting 14.16 trillion won, or roughly $9.1bn, in relevant revenue, according to Reuters.
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Google has since responded to the allegations, stating that it operates the Google Play Store 'fairly and transparently' and provides developers with 'a powerful platform to reach billions of customers'. The company plans to cooperate with the KFTC and is considering its options moving forward. This includes potentially revisiting its app store policies to address concerns about anti-competitive practices. Interestingly, Google has also been exploring the idea of creating its own app store for the Web3 space, aiming to give developers more control and potentially reduce reliance on existing platforms. This move could be seen as a proactive approach to mitigate future regulatory issues. Aseon Labs raises ten million dollars to build parking-space-sized pods that charge and clean robotaxis