The Korea Fair Trade Commission (KFTC) has fined global tech giant Google 207.4 billion won for hampering market competition by pressuring smartphone makers into only using its Android mobile operating system.
Since 2016, South Korea's antitrust regulator has been looking into allegations that Google obstructed local smartphone makers, such as Samsung Electronics Co. and LG Electronics Inc., from using rival operating systems.
According to KFTC, Google has been requiring smartphone makers to clinch an "anti-fragmentation agreement (AFA)" over app store licenses and early access to OS.
The AFA prohibits the installation or development of modified versions of Android OS, known as "Android forks" on their products.
Consequently, Google dominated the mobile platform market, with its share rising 97.7 percent of the mobile OS market as of 2019 while undermining innovation in the development of other OS for smart devices.
The fine among cases of abuse of market dominance and unfair business activities in South Korea is the second-largest since 1.03 trillion won slapped on US chipmaker Qualcomm Inc. in 2016.
The KFTC also ordered Google LLC, Google Asia Pacific. and Google Korea to take corrective steps, such as desisting from its practice of forcing Android device manufacturers to sign an AFA.
The KFTC expects the corrective steps to help the launch of innovative goods and services in smart device markets.
Google plans to appeal KFTC's decision.


Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions
Gold Prices Fall as Strong Dollar and Rising Oil Prices Pressure Markets
Iraq Reaffirms Commitment to OPEC as UAE Exits Amid Global Energy Tensions
US Sanctions Target Iran’s Shadow Banking Network and Terror Financing
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Asian Markets Mixed as Fed Decision, Iran Tensions, and Inflation Data Weigh on Sentiment
China Manufacturing PMI Beats Forecasts in April Amid Weak Domestic Demand
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Gold Prices Dip Ahead of Fed Decision Amid Rising Middle East Tensions
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 



