Apple has settled a long-running antitrust dispute in South Korea. The country’s Fair Trade Commission announced Wednesday that it has accepted Apple’s offer to spend $89.83 million in the country as part of a voluntary correction scheme.
“This is the first time that a correction scheme [to make up for unfair market practices] actually provides direct benefits to consumers such as repair and warranty cost discounts,” said FTC Chairwoman Joh Sung-wook in a press briefing. “[The FTC] shall thoroughly keep watch on whether Apple carries out the promised actions to contribute to the domestic ICT ecosystem.”