South Korea\'s Broadcast Media and Telecommunications Commission fined Google and Apple a combined 63.71 billion won for violating the Telecommunications Business Act through practices linked to forcing in-app payments. It also ordered corrective steps, including allowing external payment options via in-app links and improving third-party payment fee policies. The commission also cited unjustified delays in app reviews and found Apple applied different commission calculation bases to domestic and overseas developers.

Korean financial holding firms and banks continued to release third-quarter results, with Woori Bank posting its biggest quarterly net profit on record and Hana Financial Group lifting year-to-date profit on higher fee income. Brokerages faced weakening profitability as trading value fell and market rates rose, adding valuation loss pressure in trading. The Bank of Korea held its policy rate at 3.00 percent, while competition in retirement pensions and expanded support for small firms continued.