Apple Inc.'s South Korean unit offered 100 billion won worth of programs to address allegations of its violation of competition law.
The programs include 40 billion won to build a research and development center for local small and medium-sized smartphone manufacturing firms and 25 billion won to give consumers 10 percent discounts on smartphone repairs and insurance service.
Another 25 billion won will be allocated for setting up an education center to train information, communication, and technology professionals.
Apple Korea also agreed to give mobile carriers more say in sharing advertising costs and approving ads to reduce the advertising burden.
The Korea Fair Trade Commission (KFTC) is probing Apple Korea over allegations it had required SK Telecom Co., KT Corp., and LG Uplus Corp. to pay the television advertisement costs and warranty service for its iPhones.
With Apple having a clear advantage over local mobile carriers, the KFTC said that handing over the cost of advertisements is another way to squeeze their profits.
KFTC director-general Song Sang-min said Apple Korea had unilaterally ordered mobile carriers to set ad costs.
The parties will discuss whether to accept Apple Korea's proposal by Oct. 3.
South Korea allows companies accused of anti-competitive practices to propose a correction scheme without deliberating whether its practices violate competition law.


SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 



