K-SignalAI-generated
Korea fines Google, Apple for in-app payments
South Korea's broadcasting and telecommunications regulator fined Google and Apple a combined 63.7 billion won ($47.6 million) on October 28 for forcing app developers to use their in-app payment systems and improperly delaying app reviews. This marks the first sanction under the 2021 law banning such practices, Yonhap reports. The Korea Times also reported the fines, noting they are the first of their kind. Korean financial firms like Shinhan Card and KB Kookmin Card remain hesitant to adopt Apple Pay, delaying its expansion and frustrating iPhone users, according to the Korea Times.


















