meta_pixel
Tapesearch Logo
Log in
MLex Market Insight

Google’s South Korean penalty highlights innovation concerns; momentum builds for US anti-graft laws

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 24 September 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Google’s clash with South Korea’s antitrust enforcer over allegations the search giant engaged in abuse of dominance against smart-device markers in the Android operating-system market isn’t over yet: Google is set to appeal the $176 million fine it received from the Korea Fair Trade Commission. Yet the landmark penalty has set the tone for the regulator’s clash with digital platforms over concerns they are stifling innovation on smart devices. Also on today’s podcast: Stars align in the US Congress over anti-corruption laws, with bipartisan support for the slate of bills now being considered.

Transcript

Click on a timestamp to play from that location

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

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from MLex Market Insight, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of MLex Market Insight and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.