South Korean regulator fines Google and Apple for mandatory in-app payments 63700000000 KRW
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AT A GLANCE
The South Korean regulator determined that Google and Apple mandated in-app payments and imposed a combined fine of 63700000000 KRW.
Article
【South Korea fines Google and Apple for mandatory in-app payments 63700000000 KRW】
The Korea Communications Commission (KMCC) determined that Google and Apple violated the Telecommunications Business Act by mandating in-app payments and decided to impose a combined fine of 63700000000 KRW on the two companies. Google was fined 42900000000 KRW, while Apple was fined 20810000000 KRW. The regulator also issued a corrective order requiring both companies to modify the relevant business procedures. Approximately 2023 years have passed since South Korea first announced its sanctions plan in 3 years ago.
Key points
01
The Korea Communications Commission (KMCC) determined that Google and Apple violated the Telecommunications Business Act.
02
The two companies were fined a combined 63700000000 KRW.
03
Google was fined 42900000000 KRW, while Apple was fined 20810000000 KRW.
04
The regulator required both companies to modify the relevant business procedures.
05
This penalty came approximately 2023 years after South Korea first announced its sanctions plan in 3 years.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In-app payments are a payment method used when users purchase goods or services within a mobile app. South Korean regulators determined that the companies' mandatory use of this payment method violated the law, and therefore imposed fines and required corrective action.
Why it matters to readers
This indicates that South Korea is constraining the payment arrangements of major app stores, which may affect the companies' related business processes in South Korea.
Users may be interested in whether payment methods for in-app purchases change and whether the charging rules for developers and platforms are adjusted.
Risks and unknowns
The current evidence source is forwarded content from Telegram and does not provide a link to a primary announcement by the South Korean regulator.
The evidence does not indicate whether the two companies have raised objections, filed appeals, or adjusted their payment policies for South Korea.
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Related concepts
In-app payments
This term is not in the glossary yet. Browse related concepts in the glossary.
