South Korea Plans to Fine Google, Apple for Breaching Mobile Payment Rules
October 06 2023 - 12:55AM
Dow Jones News
By Kwanwoo Jun
South Korea's telecom regulator plans to fine Alphabet's Google
and Apple a total of $51 million for allegedly abusing their market
dominance and breaching the country's mobile-payment
regulations.
The Korea Communications Commission said Friday that the U.S.
tech giants had forced app developers to use their in-app payment
methods rather than external competitors' payment methods.
Google and Apple were also found to have unfairly delayed app
reviews to enforce the malpractice, it said.
The commission said Google and Apple would be fined KRW47.6
billion ($35.4 million) and KRW20.5 billion, respectively, for
their alleged violations of local fair-trade rules.
Google and Apple were not immediately available for comment.
South Korea in 2021 enacted new telecom regulations which banned
app-store platform operators from abusing their dominant market
positions.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
October 06, 2023 01:40 ET (05:40 GMT)
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