4.9 • 9 Ratings
🗓️ 24 September 2021
⏱️ 22 minutes
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0:00.0 | Hello, welcome back. Great to be with you again. This is, of course, Mlex's podcast. I'm your host, James Panicki, |
0:16.7 | Mlex's Asia Pacific Senior Editor. And every week we bring you the top regulatory stories of the moment. |
0:23.1 | And this week is no exception. |
0:25.6 | In just over 10 minutes' time, we'll cross to Washington, D.C. |
0:28.7 | for the most recent moves by Congress in tackling foreign bribery and corruption. |
0:34.7 | There's a suite of proposals before lawmakers at the moment, and as our correspondent |
0:39.5 | Robert Thomason will tell us, these tough measures actually stand a reasonable chance of making it |
0:45.3 | through the sausage machine, a reminder of what can be achieved with bipartisan support. |
0:51.8 | But first up, the landmark decision by South Korea's competition regulator |
0:55.7 | to fine Google for abuse of dominance and for engaging in unfair trade practices against |
1:02.3 | phone makers and other smart device makers in the Android operating system market. Of course, |
1:08.6 | the tentative fine of $176 million imposed by the KFTC is loose change |
1:15.2 | for the search giant, but that's not the point. As our correspondent Wu Yong Li has argued in her |
1:21.2 | recent analysis, the penalty should be seen as a warning shot against digital platforms |
1:26.4 | over what the regulator sees as harm to innovation |
1:29.7 | for smart devices. And it's not just about phones. Wu Yong joins me now from Seoul. So |
1:37.2 | Wu Yong, firstly, what's this decision all about? Hello, Google was hit with the fine and corrective orders that will stop the company |
1:46.6 | forcing device makers and other tech platforms like Samsung Electronics, LG and Amazon |
1:54.7 | to sign this agreement called the anti-fragmentation agreement. This is now called Android compatibility commitment |
2:04.6 | because Google decided to change the name |
2:07.6 | after the European Commission launched a probe into it. |
2:10.6 | This is essentially a contract that Google requires |
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