Apple Settles South Korea’s Antitrust Case For More Than $89 Million

Tech giant Apple was sued by the South Korean Government for dominating the market, back in 2016. Now, South Korea’s government and Apple Korea has reached a settlement in which the company has to spend an amount of KRW 100 billion ($89.6 million) in Korea to help small businesses, education and consumers.

KRW 100 billion is broken down as KRW 40 billion for building research R & D centres for small local businesses, KRW 25 billion in education centre for ICT developers and KRW 10 billion in the education system, KRW 25 billion for 10% discount on iPhone repairs.

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