South Korea fines Apple ... HOW much?

Judgment unlikely to rattle the company's investors

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The South Korean legal system, unhappy with Apple's handling of iPhone user location information, has once again come down on the American powerhouse like an ounce of bricks.

(16 recent milestones of a million, billion or more)

From an Associated Press story:

South Korea's communications regulator fined Apple's local operation 3 million won ($2,830) for what it says is the illegal collection of iPhone user location information.

The Korea Communications Commission announced Wednesday in a statement it has ordered Apple Korea to pay the fine for violating the country's location information laws.

That'll teach 'em.

The question is teach 'em what.

It's worth noting that this is at least the second such fine Apple has had to endure in South Korea, as a court there ordered the company to pay an iPhone-toting attorney $946 earlier this year.

Apple, which continues to insist that the entire "locationgate" business is much ado about nothing, last quarter earned a profit of $7.31 billion on revenue of $28.57 billion.

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