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South Korea mulls $50M fine on Google, Apple for market abuse

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Regulator says the tech giants' enforcement of certain payment methods and discriminatory fees for domestic app developers violate its fair play laws.

South Korea's telecommunications regulator said that Alphabet Inc's Google and Apple have abused their dominant app market position and warned of possible fines totalling up to $50.5 million.

The KCC is notifying the companies for corrective action, and will deliberate on the fines, the statement said.

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S.Korea considers $50.5 mln fine against Google, Apple over app market practicesSouth Korea's telecommunications regulator said on Friday that Alphabet Inc's (GOOGL.O) Google and Apple (AAPL.O) have abused their dominant app market position and warned of possible fines totalling up to $50.5 million.
Source: Reuters - 🏆 2. / 97 Read more »