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South Korea Fines Google and Apple Over App Store Payment Restrictions

South Korea's Korea Media and Communications Commission fined Google and Apple for forcing specific payment methods and ordered corrective measures. The body is truncated after stating a KRW 42.9 billion penalty surcharge on Google.

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CUPERTINO (dpa-AFX) - South Korea's Korea Media and Communications Commission (KMCC) Wednesday fined Google (META) and Apple Inc. (AAPL) for forcing specific payment methods, and ordered both companies to take corrective measures.The regulator imposed penalty surcharges of KRW 42.9 billion on Googl…