City
Epaper

Google to lower in-app commission rate in S Korea

By IANS | Updated: February 24, 2021 09:45 IST

Seoul, Feb 24 The South Korean unit of tech giant Google is considering lowering its planned commission rate ...

Open in App

Seoul, Feb 24 The South Korean unit of tech giant Google is considering lowering its planned commission rate for in-app purchases, lawmakers said on Tuesday, amid complaints from local software developers over steep commission costs.

According to lawmakers from the parliamentary committee on science and technology, Google Korea representatives have told committee members that they were persuading the company headquarters to lower its planned 30 percent commission on in-app purchases.

Google has announced a plan to newly introduce the 30 percent commission to all in-app digital goods purchases in South Korea later this year.

Company representatives did not share further details, lawmakers added.

A recent government projection showed that Google's new commission policy would lead to an increase in app store costs for South Korean developers by more than 150 billion won (US$136 million).

The new billing policy has met fierce opposition from local tech groups and politic, while some South Korean lawmakers have called on Google to reduce the commission rate, reports Yonhap news agency.

( With inputs from IANS )

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: Google KoreaseoulgoogleSouth 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

TechnologyTechnology means only Narendra Modi ji, says Chandrababu Naidu

TechnologyIndia, Denmark sign pact to accelerate drive for clean energy

TechnologySwiggy shares hit 52-week low, fall over 43 pc this year

TechnologyLearnt a lot from Naidu's technology initiatives as Gujarat CM, says PM Modi

TechnologyProviding elderlies dignity in old age collective responsibility of nation: President Murmu