SEOUL, October 10 (AJP) - Global tech companies such as Apple and Google have avoided fines totaling 63 billion won (about US$47 million) for nearly two years in South Korea, as authorities have failed to enforce the penalties.
According to data submitted to lawmaker Choi Soo-jin of the main opposition People Power Party from the Korea Communications Commission (KCC), the watchdog slapped fines on both companies in October 2023 for forcing in-app payment systems, overcharging domestic developers, and other breaches of relevant laws.
But the KCC has been unable to collect the fines, as a slew of controversies and disputes involving former head Lee Jin-sook hindered the process, and its recent restructuring is likely to cause further delays.
"Failing to take proper action in a timely manner has resulted in no changes to business practices. Imposing fines is necessary to curb excessive fees and monopolistic practices while protecting both developers and consumers," Choi said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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