City
Epaper

S Korea set for law to curb Google, Apple's in-app billing system

By IANS | Updated: August 25, 2021 10:15 IST

Seoul, Aug 25 A parliamentary committee on Wednesday passed a bill to ban Google and Apple from forcing ...

Open in App

Seoul, Aug 25 A parliamentary committee on Wednesday passed a bill to ban Google and Apple from forcing app developers to use the platforms' payment systems, clearing the last remaining hurdle before a final vote.

The legislation and judiciary committee of the National Assembly approved the revision of the Telecommunications Business Act, which seeks to bar app market operators from requiring developers to use certain payment systems by unfairly using their positions.

If the bill is approved in a plenary session later in the day, South Korea will be the first country to introduce such curbs on global tech giants' in-app billing policies, which have been increasingly under scrutiny around the world, reports Yonhap news agency.

The so-called Anti-Google Law was submitted to parliament in August 2020, one month after US tech giant Google said it would have all apps use its own billing system and charge 30 percent commission on all in-app purchases.

Earlier this year, Google decided to lower its commission fees to 15 percent for the first $1 million of revenue earned by developers.

In response to growing pressure, its rival Apple cut the 30 percent rate by half for app developers that earn up to $1 million annually at the start of this year.

Sales from Google Play Store in South Korea were estimated at 5 trillion won ($4.3 billion) last year, accounting for two-thirds of the country's total, compared with those from Apple's App Store at 1.6 trillion won, according to the Korea Mobile Internet Business Association.

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: appleseoulgoogleSouth KoreaSupport companyWord on macApple educationWho dgRepublic of koreaMicrosoft inc
Open in App

Related Stories

Technology'Learning About Photosynthesis': Google Explains How Plants Use Light to Produce Oxygen With Animated Doodle

TechnologyFree WiFi Danger! Google Warns Users Against Connecting to Public Networks

TechnologyWhat Is Quadratic Equation? Google Doodle Celebrates One of Most Searched Mathematical Equations

EntertainmentBTS RM Shares Rare Glimpse of His Family, ARMY Praises Rapper’s Bond and Openness

EntertainmentBTS Comeback Update: Jimin Says Group Has Finished Recording New Album (Watch Video)

Technology Realted Stories

TechnologyGovt launches National Action Plan on Antimicrobial Resistance 2.0

TechnologyIndia eyes shipbuilding collaboration with Japan’s top firms

TechnologySensex likely to hit 1,07,000 by 2026 end in bull-case scenario: Morgan Stanley

TechnologyC-DOT signs pact to participate in Amaravati Quantum Valley initiative

TechnologyIndia's October services exports outpace goods exports by 11 pc: Report