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.
The UAE government has launched the Know Your Customer (KYC) digital platform, aimed at providing accurate, confidential data for financial transactions.
Volkswagen's union said it was gearing up for strikes across German factories from December 1 after talks over wages and unprecedented factory closures at Europe's largest carmaker failed to achieve a breakthrough on Thursday.
A UAE delegation headed by the Assistant Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri, conducted meetings with prominent companies in Finland during an official visit.
A UAE delegation, led by the Assistant Foreign Minister for Advanced Science and Technology, Omran Sharaf, concluded a two-day visit to Ireland's capital for talks on strengthening science, technology, and trade partnerships.
Mubadala Investment Company and Safran, a French multinational aerospace and defence corporation, have joined forces to accelerate aerospace innovation and development within the UAE.
The UAE announced the official holiday for the 53rd National Day, recently renamed Eid Al Etihad, will be on December 2 and 3 for private and public entities, with work resuming on December 4.
The Central Bank of the UAE (CBUAE) has taken action against Al Razouki Exchange, suspending its operations for three years and shutting down two of its branches in Dubai.