Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
The Korea Fair Trade Commission (KFTC) has fined global tech giant Google 207.4 billion won for hampering market competition by pressuring smartphone makers into only using its Android mobile operating system.
Since 2016, South Korea's antitrust regulator has been looking into allegations that Google obstructed local smartphone makers, such as Samsung Electronics Co. and LG Electronics Inc., from using rival operating systems.
According to KFTC, Google has been requiring smartphone makers to clinch an "anti-fragmentation agreement (AFA)" over app store licenses and early access to OS.
The AFA prohibits the installation or development of modified versions of Android OS, known as "Android forks" on their products.
Consequently, Google dominated the mobile platform market, with its share rising 97.7 percent of the mobile OS market as of 2019 while undermining innovation in the development of other OS for smart devices.
The fine among cases of abuse of market dominance and unfair business activities in South Korea is the second-largest since 1.03 trillion won slapped on US chipmaker Qualcomm Inc. in 2016.
The KFTC also ordered Google LLC, Google Asia Pacific. and Google Korea to take corrective steps, such as desisting from its practice of forcing Android device manufacturers to sign an AFA.
The KFTC expects the corrective steps to help the launch of innovative goods and services in smart device markets.
Google plans to appeal KFTC's decision.
