South Korea’s telecommunications regulator, the Korea Communications Commission (KCC), has accused Google and Apple of abusing their dominant position in the app market. The KCC has warned of possible fines amounting to $50.5 million. According to the KCC, the two companies have forced app developers into using specific payment methods, causing delays in app review and creating an unfair environment. South Korea amended the Telecommunication Business Act to ban app store operators from mandating the use of their payment systems. Google and Apple have both faced fines from South Korean regulators in the past.
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South Korea has a $50 million ‘warning’ for Google, Apple
South Korea’s telecommunications regulator, the Korea Communications Commission (KCC), has accused Google and Apple of abusing their dominant position in the app market. The KCC has warned of possible fines amounting to $50.5 million. According to the KCC, the two companies have forced app developers into using specific payment methods, causing delays in app review and creating an unfair environment. South Korea amended the Telecommunication Business Act to ban app store operators from mandating the use of their payment systems. Google and Apple have both faced fines from South Korean regulators in the past.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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