South Korea demands Apple and Google open app stores to 3rd-party payments

From telecoms.com
2021-08-31 16:11:24

Excerpt:

 

A bill voted through by Korea’s parliamentarians demands application store operators like Apple and Google allow customers to choose alternative payment methods when buying apps and content.

Dubbed “Google power-abuse-prevention law” in Korea, the bill was passed by the parliamentary committee on Tuesday and is now waiting to be signed into law by the president. The bill, which technically is an amendment to Korea’s Telecommunications Business Act, seeks to stop app store operators, primarily Apple and Google, demanding customers to only use their own payment methods, for example Apple Pay and Google Pay when shopping inside the app stores. Failing to comply could mean a fine of up to 3% of the company’s total revenue in Korea, enforceable by the Korea Communications Commission, the country’s telecom and media regulator.

 

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