South Korean regulator penalizes Google and Apple
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AI-assisted source synthesis · not an independent investigation.
On October 29, 2026, the Korea Media and Communications Commission (KMCC) fined Google and Apple a combined 63.71 billion won, approximately $47.6 million, for restricting app developers from using external payment methods. The report’s headline summarized the fine as approximately $48 million. The KMCC also required Google and Apple to rectify their app payment rules. The penalty targeted the two companies’ practice of restricting app developers from adopting external payment methods; the report did not disclose the specific allocation of the fines, the rectification deadline, or the companies’ responses.
AI-written from reports · updated 3 hours ago
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- Fintech News Hong KongSelectedSouth Korea fines Google and Apple a combined approximately US$48M and requires changes to app payment rules
South Korea’s Media and Communications Commission (KMCC) fined Google and Apple a combined KRW 63.71 billion (approximately US$47.6 million) for restricting app developers from using external payments.
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