StocksMediumUpdated×2•Originally published 28 October 2026•Updated 28 October 2026•
1 min read
South Korea Orders Google and Apple to Allow External Payments as Companies Plan Appeals
Key Facts
1South Korea fined Google and Apple $47.6 million over unfair app market practices.
The Korea Media and Communications Commission issued corrective orders requiring Google and Apple to establish external payment systems within their app stores. Both companies announced their intention to appeal the regulator's decision, which also included fines of 42.9 billion won for Google and 20.81 billion won for Apple over app review delays and discriminatory commission rates.
AAPL closed at $347.1 on October 27, 2026, while GOOGL closed at $320.58 on the same date. These regulatory mandates follow a session where MSFT closed at $531.33 and META closed at $620.19 on October 27, 2026, amid global pressure to dismantle payment system monopolies in digital marketplaces.