The South Korean Fair Trade Commission (KFTC) fines Google $177M for abusing market dominance

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The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in the Android operating system (OS) market.

The U.S. tech company has restricted market competition by prohibiting local smartphone makers like Samsung Electronics and LG Electronics from customizing their Android OS, through Google’s anti-fragmentation agreements (AFA), according to the antitrust regulator statement.

Source: Techcrunch. Kate Park @kateparknews / 4:00 AM EDT•September 14, 2021

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The Sherman Antitrust Act
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Key points

What happened (September 2021):

Who South Korea’s fair trade agency
Fined Google, $177 million
Why It stopped phone makers changing Android
Law Antitrust: rules for fair competition

All words in this article (6)

Words in this article

fine: Say it: FYNE; Money a person or company must pay as a punishment.
market dominance: Say it: MAR-kit DOM-uh-nunss; When one company is so big that it controls most of a market.
operating system: Say it: OP-er-ay-ting SIS-tum; The main software that runs a phone or computer, like Android or Windows.
competition: Say it: kom-pih-TISH-un; When businesses try to win customers from each other.
antitrust: Say it: an-tee-TRUST; Laws that keep business competition fair. They stop one company from controlling a market.

Names in this article

Korea Fair Trade Commission: Say it: kuh-REE-uh FAIR TRAYD kuh-MISH-un; South Korea’s government agency that keeps business competition fair.

The South Korean Fair Trade Commission (KFTC) fines Google $177M for abusing market dominance

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