Google says it offers more than $10 billion in consumer benefits in S.Korea

google says it offers more than 10 billion in consumer benefits in s korea

Sumary of Google says it offers more than $10 billion in consumer benefits in S.Korea:

  • SEOUL (Reuters) – Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians.
  • Google’s announcement came a day after South Korea’s antitrust agency fined Google 207 billion won for blocking customised versions of its Android operating system, in the company’s second setback in the country in less than a month.
  • Google said during an online event that it annually provides 5.1 trillion won worth of benefits for South Koreans through its Play Store, 4.2 trillion won through its search engine service, and 2.5 trillion won through its productivity apps, including Google Docs, citing a report from consulting firm AlphaBeta.
  • Google added that it also annually provides 10.5 trillion won in economic benefits for South Korean companies.

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