South Korea Approves Strict In-App Payment Laws For Google & Apple App Stores: What It Means
South Korea Approves Strict In-App Payment Laws For Google & Apple App Stores: What It Means
The country is bringing strict policy in place so that both giants like Apple and Google cannot enforce app developers to use their in-app payment systems.

South Korea’s Cabinet has approved a revised bill that would ban app store operators from forcing developers to use their own in-app payment systems, the country’s telecommunications regulator said.

The revision is a follow-up to the enforcement decree of the Telecommunications Business Act that went into effect in September, which made South Korea the first country in the world to introduce such curbs on in-app billing policies of Apple and Google.

Also Read: Apple iPhone SE 2022 vs Samsung Galaxy S22 vs OnePlus 9RT: Affordable Early 2022 Flagships Compared

Under the revised enforcement decree, app store operators will have to pay up to 2 percent of their revenue for forcing developers to use their own in-app payment systems, and 1 percent for delays in reviewing apps, according to the Korea Communications Commission (KCC), reports Yonhap news agency.

App store operators will also be prohibited from preventing app developers from promoting an alternative payment system, as well as imposing unfair restrictions on app developers using third-party payments systems.

The revised enforcement decree is scheduled to take effect on March 15.

Also Read: Apple M1 Ultra Is The Company’s Most Powerful Chip: Here’s Everything You Need To Know About It

The in-app payment law came amid growing global scrutiny against Google and Apple, which 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 percent when users purchase digital goods within apps.

Google pledged in November to provide an alternative payment system on its app store in South Korea at a slightly reduced service charge.

Watch Video: Micromax In Note 2 Review

In January, Apple also said it will provide an alternative payment system at a reduced service charge compared with the current 30 percent charge in compliance with the new law.

Read all the Latest Tech News and Breaking News here

What's your reaction?

Comments

https://terka.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!