South Korea's telecom regulator will impose a 3M won ($2,829) fine on Apple (AAPL) for allegedly...

|About: Apple Inc. (AAPL)|By:, SA News Editor

South Korea's telecom regulator will impose a 3M won ($2,829) fine on Apple (AAPL) for allegedly collecting the location data of iPhone users in the country. The fine is peanuts, but the penalty is the first of its kind and could set a precedent for other cases. Apple denies that it tracks the location of iPhone users, and it's not clear if it would agree to pay the fine.