Apple settles South Korea antitrust case with $90 million investment

South Korea's Fair Trade Commission has approved Apple's proposal to pay around $90 million into assorted local support programs, in order to settle an antitrust investigation.Following Apple's August 2020 proposal of investment measures to South Korea authorities, the country's Fair Trade Commission has agreed to approve the deal. It means that the ongoing antitrust investigation will be closed without concluding whether or not Apple broke competition laws.According to The Korea Herald, the FTC has now formally approved Apple's financial package to make up for the alleged unfair market practices. Read more...