Sumary of (EDITORIAL from Korea Times on Sept. 16):
- Google should play fairBig tech fined for abusing market dominance Korea’s antitrust watchdog fined Google 207.4 billion won ($177 million) Tuesday for abusing its dominant market position to hamper fair competition.
- It has not even allowed them to use modified versions of Android, in an apparent abuse of its market dominance, according to the KFTC.
- KFTC Chairperson Joh Sung-wook said, “Google has engaged in an unprecedented practice that undercuts efforts toward innovation.
- After securing market dominance, it coerced device producers to abide by the AFA contract.
- The decision is meaningful as it will help restore competitive pressure in the OS and mobile app markets.
- However, it shifted its business tactics in 2011 when it managed to secure market dominance, employing a non-competitive and monopolizing approache.
- Given this, according to the KFTC, Google’s share of the mobile OS global market continued to surge, reaching 97.7 percent in 2019 from 38 percent in 2010. It has been a global trend to impose punitive measures on major platform businesses.
- The EU, for instance, fined Google $5.1 billion in 2018 for abusing its market dominance.