South Korea's Korea Media and Communications Commission (KMCC) fined Google 42.9 billion won (€28.7m) and Apple 20.8 billion won (€13.9m), a combined 63.7 billion won (€42.7m), after an investigation that began in August 2022. The regulator found both companies breached a 2021 law barring app store operators from requiring developers to use a specific payment system: they charged a 26% commission on alternative in-app payments, held back features, blocked payments through external websites and held up app reviews without clear explanations. Apple was also found to have charged South Korean developers more than elsewhere from 2015 to January 2023, because it calculated its commission on prices that included value-added tax. Both companies must let developers link to outside payment options and improve their app review processes, with one month to submit plans and three months to make the changes. Google and Apple had not publicly responded at the time of the report.
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Related tickers and likely impact
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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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