Apple Inc.'s South Korean unit offered 100 billion won worth of programs to address allegations of its violation of competition law.
The programs include 40 billion won to build a research and development center for local small and medium-sized smartphone manufacturing firms and 25 billion won to give consumers 10 percent discounts on smartphone repairs and insurance service.
Another 25 billion won will be allocated for setting up an education center to train information, communication, and technology professionals.
Apple Korea also agreed to give mobile carriers more say in sharing advertising costs and approving ads to reduce the advertising burden.
The Korea Fair Trade Commission (KFTC) is probing Apple Korea over allegations it had required SK Telecom Co., KT Corp., and LG Uplus Corp. to pay the television advertisement costs and warranty service for its iPhones.
With Apple having a clear advantage over local mobile carriers, the KFTC said that handing over the cost of advertisements is another way to squeeze their profits.
KFTC director-general Song Sang-min said Apple Korea had unilaterally ordered mobile carriers to set ad costs.
The parties will discuss whether to accept Apple Korea's proposal by Oct. 3.
South Korea allows companies accused of anti-competitive practices to propose a correction scheme without deliberating whether its practices violate competition law.


BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 



