StocksMedium•28 October 2026•
1 min read
South Korea Fines Google and Apple $47.6 Million Over App Store Dominance
Key Facts
1The Korea Media and Communications Commission fined Google $32 million and Apple $15.5 million.
2Authorities ordered the companies to allow local developers to use external payment links and improve app review procedures.
The Korea Media and Communications Commission fined Google $32 million and Apple $15.5 million. The Boston Herald reported that Korean authorities ordered the companies to allow local developers to use external payment links and improve their app review procedures.
The regulators found that the companies abused their market dominance by forcing proprietary payment systems and engaging in unfair delays during the review process. Regarding market performance, AAPL closed at $343.83 and GOOGL closed at $324.89 on October 28, 2026, while peer MSFT closed at $531.01 on the same day.