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




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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.




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