Apple pledges $84M to fund programs in bid to end South Korea antitrust investigation

Apple has proposed paying out 100 billion won ($84 million) to fund support programs to assist consumers and small businesses, in a bid to settle an antitrust investigation by South Korean regulators.

The Korea Fair Trade Commission allowed Apple to offer a proposal for measures to help ensure it complied with local anti-competitive laws. On Monday, Apple's South Korean business put forward a package of measures it hoped would appease the regulator.Of the 100 billion won, 40 billion will be used to construct a center to support research and development activities for small manufacturers in the country, reports Reuters. Approximately 25 billion won is set aside to create an "academy" to educate the country's developers, and another 25 billion won will be used to offer consumer discounts on warranty repair costs, as well as other benefits.

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