City
Epaper

Apple, Google to face up to 2% fine under new Korean law

By IANS | Updated: November 20, 2021 10:55 IST

Seoul, Nov 20 App store operators will face a fine of up to two per cent for forcing ...

Open in App

Seoul, Nov 20 App store operators will face a fine of up to two per cent for forcing developers to use their own in-app payment systems, South Korean telecommunications regulator said.

Under the enforcement decree of the revised law aimed at curbing Google and other app store operators' dominance, such app store operators will have to pay one per cent of their revenue for delays in reviewing apps, according to the Korea Communications Commission (KCC).

In August, South Korea made amendments to the Telecommunications Business Act, becoming the first country to introduce such curbs on global tech giants' in-app billing policies.

The move came amid growing global scrutiny against Google and Apple, who maintain a strong grip over mobile ecosystems, for requiring developers on their app stores to use their proprietary payment systems that charge fees of up to 30 per cent when users purchase digital goods within apps, reports Yonhap news agency.

Developers around the world have questioned app market operators' exclusive in-app payment systems, opposing their relatively high commissions and demanding they should be able to freely use other systems.

South Korea is home to a robust mobile app economy, with total sales from Google's Play store at around 5 trillion won ($4.23 billion) last year and that of Apple's App Store at 1.6 trillion won, according to the Korea Mobile Internet Business Association.

Earlier this month, Google pledged to provide an alternative payment system on its app store in South Korea at a slightly reduced service charge of 4 percentage points.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Korea Communications CommissionseoulgoogleSouth KoreaWord on macWho dgRepublic of koreaMicrosoft incUs google & youtubeSk duaDan patel
Open in App

Related Stories

MumbaiMumbai 3.0: MMRDA Joins Hands With South Korea for a Bold Urban Transformation

TechnologyGoogle Layoffs: Indian Employees in Hyderabad and Bengaluru Likely to Be Affected

EntertainmentBTS Jin Aka Kim Seokjin To Make Comeback in May 2025, Reports

EntertainmentKim Soo Hyun Controversy: Brands Cut Ties, Poster Removed in Aftermath of Dating Scandal with late Actress Kim Sae Ron (Watch Video)

EntertainmentKim Soo Hyun Controversy: Actor Breaks Down in Tears While Addressing Allegations Made by Late Kim Sae-Ron Family (Watch Video)

Technology Realted Stories

TechnologyPilot plant of fortified rice kernels launched at CSIR-NIIST

TechnologyAIIMS Bhubaneswar launches Robotic Knee Replacement facility

TechnologyQuantum computing to revolutionise innovation and scientific discovery: Jyotiraditya Scindia

TechnologyStudy links antibiotic exposure before age two to childhood obesity

TechnologyBoult Audio’s net profit declines by 37 pc in FY24, revenue up 41 pc