After a long wait regulators in South Korea have finally approved the iPhone and cleared the way for it to head into the country. KT Corp, the second largest carrier in Korea, plans to start taking orders for the iPhone on November 28.

It comes as no surprise that the Apple App Store is dominating the application market for mobile phones. The App Store has the most apps according to Millennial Media at 115,000 compared to 13,000 for Android and 3,100 for Blackberry. The iPhone also leads in monthly downloads at 100 million.

Magellan launched its RoadMate iPhone app and car kit this week. The app is for turn-by-turn driving directions and the accessory is to hold the phone while you drive. The app costs $79.99 and is available now.