South Korea weighs monetary fines to rein in Apple and Google

South Korea said on Wednesday it plans to impose a fine on dominant app store operators such as Apple Inc and Alphabet’s Google if they force app developers to use only their payment systems.

The Korea Communications Commission (KCC) said it proposes a a monetary penalty of up to 2% of Korea app market revenue in such instances. The dominant app market operators will also incur a monetary penalty of up to 1% of Korea app store revenue for undue delays in reviewing apps or deletion of an app from the app store, the regulator said in a statement.