South Korea fines Google and Apple $47.6m over app payments

South Korea's Media and Communications Commission has fined Google and Apple a combined $47.6 million for violating rules governing app payment systems. As reported by Reuters , Google received a fine of KRW 42.9 billion ($32m), while Apple was fined KRW 20.81bn ($15.6m). The regulator said the companies had violated the country's Telecommunications Business Act and have been ordered to change their business practices. Apple said it disagreed with the decision and was reviewing its options under South Korean law. The company also said it had worked with developers to support innovation through its App Store.