Connect with us

Tech

Apple and Google will be fined up to 2% under new South Korean law

Published

on

 


(Representative image) | Photo provider: iStock Images

Seoul: According to South Korean telecommunications regulators, app store operators can be fined up to 2% if they force developers to use their own in-app payment system.

According to the Korea Communications Commission (KCC), such app store operators are delayed in app reviews under amendment legislation aimed at curbing control of Google and other app store operators. You have to pay 1% of your income.

In August, South Korea amended the Telecommunications Business Act to become the first country to introduce such a regulation into the in-app billing policy of the world’s tech giants.

The move is to use a unique payment system for Google and Apple, which have a strong understanding of the mobile ecosystem, to charge up to 30% when users purchase digital products within the app. It happened amid growing global oversight to demand from app store developers. , Yonhap News Agency reports.

Developers around the world have questioned app market operators’ own in-app payment systems, opposed relatively high fees, and demanded that other systems be free to use.

According to the Korea Mobile Internet Business Association, South Korea is home to a strong mobile app economy, with Google’s Play Store sales of about 5 trillion won ($ 4.23 billion) last year and Apple’s App Store sales of 1.6. It was a trillion won.

Earlier this month, Google promised to offer an alternative payment system for its Korean app store with a slightly reduced service charge of 4 percent points.

Sources

1/ https://Google.com/

2/ https://www.timesnownews.com/technology-science/article/apple-google-to-face-up-to-2-fine-under-new-korean-law/833795

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]