Alphabet Inc (NASDAQ: GOOGL), like most other bigwigs, has had its fair share of business challenges. It has in several instances been attacked over unfair business practices, but it charges on and on. It is one of the companies that believe they offer high-quality products, with Google exuding high confidence in its Android mobile operating system. The company has revealed details about the 12 trillion won (US$10.25 billion) it is channeling to South Korean consumers every year.
Channeling the funds
Google says the money moves into the country in the form of economic benefits that Korean consumers enjoy whenever they take advantage of its services. It is indeed true that local regulators and politicians continue to exert tremendous pressure on Google in the country, but Google takes the stand that it is being persecuted unfairly. It takes solace in the point that it continues to build its presence significantly in the country and hopes to do much more in that regard.
During one of its online recorded events, the company opened up about delivering 5.1 trillion won per year to South Koreans. It served them through its Play store. In addition, there is a 4.2 trillion won which it attributes to its search service, and another 2.5 trillion won linked to its productivity programs.
Google deems the fine unfair.
The Korea Fair Trade Commission (KFTC) has been tough on Google, and that is considering a moment when it took to find the search giant about 207.4 billion. The body took the serious move upon claims that the search giant had been insistent and even compulsive in pushing smartphone makers to use its Android mobile operating system.
Google considers the body’s move to be quite unfair and has said it will move to the court of appeal in several instances. It believes the body needed to have put into consideration the numerous benefits of its Android program.
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