Apple Inc. agreed to voluntarily correct its commission policy of charging local app developers more after the Fair Trade Commission (FTC) launched a probe into the US tech giant.
There is widespread criticism that Apple unfairly charges commissions to South Korean app developers only.
The fees charged to local app developers are based on the consumer price inclusive of value-added tax, prompting the FTC to launch a probe.
The FTC said that while overseas app developers paid a 30 percent commission to Apple, local firms were asked to pay a 33 percent rate, as they were charged based on the price that includes a 10 percent value-added tax.
Chairperson Han Ki-jeong said they will continue monitoring fair practices in the app market and establish an ecosystem that benefits both operators and developers.


TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
California Sues Trump Administration Over Federal Authority on Sable Offshore Pipelines
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Federal Judge Rules Trump Administration Unlawfully Halted EV Charger Funding 



