KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Apple

Apple Korea Vows 100 Billion Won to Remedy Unfair Business Practices

James Jung by James Jung
PUBLISHED: August 24, 2020 UPDATED: August 25, 2020
in Apple, Fair Trade Commission, South Korea
0
The Korea Fair Trade Commission said that Apple Korea vowed to inject 100 billion won ($84 million) worth of programs to correct its business practices.

The Korea Fair Trade Commission said that Apple Korea vowed to inject 100 billion won ($84 million) worth of programs to correct its business practices.

The Korea Fair Trade Commission (KFTC) said on Monday that U.S.-based Apple’s South Korean unit Apple Korea vowed to inject 100 billion won ($84 million) worth of programs intended for users and mobile phone carriers.

The move came after Apple Korea decided to correct its alleged violations of the competition law.

KFTC said that the company would also share advertising costs with mobile carriers and would support small and medium-sized enterprises.

The Korea Fair Trade Commission recently investigated Apple Korea over claims that required SK Telecom Co., LG Uplus Corp., and KT Corp. to shoulder the cost of media advertisements and warranty service for iPhones.

The commission noted that Apple Korea passing advertisement costs only extract more profit from mobile carriers.

On June 4, Apple Korea applied for a consent order prompting the KFTC to create a provisional agreement following consultations. The order set off a procedure to discontinue an FTC case against Apple if the company willingly apply corrective measures.

Striving for Clear and Fair Practices

Under the deal, Apple would strive to operate clearly and fairly, improving procedures about advertising. The company would also remove a clause that requires mobile carriers to pay for warranty services.

Apple Korea vowed to donate 40 billion ($33.6 million) won for building an R&D facility for SMEs in the smartphone manufacturing industry.

Another 25 billion won ($21 million) would go to 10 percent discount promos on repairs and insurance service for consumers. The company would use the remaining 35 billion won ($29.4 million) for an educational and training center for IT professionals.

Song Sang-min, KFTC director-general in-charge of the issue, said that Apple Korea would enable sharing of advertising costs and in approving ads which would help ease the burden on mobile carriers. The company would set up a standard advertising cost that would allow the company and mobile carriers to discuss schemes on sharing such costs.

KFTC said it would gather opinions from relevant parties starting from August 25 to October 3, a period of 40 days. If stakeholders choose to accept the measures offered by Korean unit, the KFTC would finally endorse the provisional agreement.  

In a statement, Apple vowed to deepen its relationships with its Korean business partners and consumers. 

Tags: $84 million100 billion wonAppleApple KoreaKorea Fair Trade Commissionviolations

Related Posts

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
Global API Standardization Gets a Push with SK Telecom–Aduna Partnership
AI

Global API Standardization Gets a Push with SK Telecom–Aduna Partnership

September 23, 2025
$12B Crypto Wave: How Young Koreans Are Shaping Global Markets
Cryptocurrency

$12B Crypto Wave: How Young Koreans Are Shaping Global Markets

September 1, 2025
Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy
Samsung

Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy

September 1, 2025
Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants
China

Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants

August 31, 2025
South Korea Eyes Global AI Leadership with Record 8.1% Budget Hike
AI

South Korea Eyes Global AI Leadership with Record 8.1% Budget Hike

August 30, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • LG’s Return to Smartphones: A New AI Collaboration with Samsung

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |