SEOUL, Sept 15 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians.
Google’s announcement came a day after South Korea’s antitrust agency fined Google 207 billion won for blocking customised versions of its Android operating system, in the company’s second setback in the country in less than a month. read more
The Korea Fair Trade Commission said this could be the ninth-biggest fine it has ever imposed.
Google said during an online event that it annually provides 5.1 trillion won worth of benefits for South Koreans through its Play Store, 4.2 trillion won through its search engine…