South Korea on Wednesday fined Google and Apple a combined 63.7 billion won ($47.6 million) for abusing their dominance in app store markets, by forcing developers onto their own payment systems and unfairly delaying app reviews. The Korea Media and Communications Commission fined Google 42.9 billion won ($32 million) and Apple 20.8 billion won ($15.5 million), and ordered both to allow developers to use external payment links and improve their review procedures. The regulator said that although third-party payments were technically allowed, the companies charged a 26% commission and withheld some features, effectively pushing developers toward in-app payments. It also accused Apple of charging South Korean developers higher commissions than elsewhere from 2015 to January 2023. Google and Apple did not immediately respond to requests for comment.
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AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/27/2026 | 347.08 |
| Change that session | +0.92% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/27/2026 | 320.57 |
| Change that session | +1.19% |
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