South Korea's antitrust regulator has fined Alphabet Inc's Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor's platform.
The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store's revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018.
Google said it will review the final decision by the KFTC to evaluate the next course of action.
"Google makes substantial investments in the success of developers, and we respectfully disagree with the KFTC's conclusions," a spokesperson said.
The KFTC said the move against the US technology giant is part of efforts by the government to ensure fair markets.
Game makers affected by Google's action include Netmarble, Nexon and NCSOFT, as well as other smaller companies, the antitrust regulator added.
In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system.
Dubai's Roads and Transport Authority (RTA) has collected AED 4.42 billion in digital revenue in 2024, marking a 16 per cent growth compared to the previous year.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed ways to strengthen cooperation across various fields during talks with Emir of Qatar Sheikh Tamim bin Hamad Al Thani in Abu Dhabi.
Eight-year-old Egyptian Lily Jamal Ramadan has been honoured in Dubai for finding and handing over AED 17,000 left behind at a cinema hall to the authorities.