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Google, Apple Hit by First Law Threatening Dominance Over App-Store Payments
source link: https://www.wsj.com/articles/google-apple-hit-in-south-korea-by-worlds-first-law-ending-their-dominance-over-app-store-payments-11630403335
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Google, Apple Hit by First Law Threatening Dominance Over App-Store Payments
South Korea will require the companies to allow competing payment systems, threatening their 30% cut of most in-app digital sales
Developers vs. App Store: Apple’s Fights, Explained
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Developers vs. App Store: Apple’s Fights, Explained
Updated Aug. 31, 2021 10:42 am ET
SEOUL—Google and Apple Inc. will have to open their app stores to alternative payment systems in South Korea, threatening their lucrative commissions on digital sales.
A bill passed Tuesday by South Korea’s National Assembly is the first in the world to dent the tech giants’ dominance over how apps on their platforms sell their digital goods. It will become law once signed by President Moon Jae-in, whose party strongly endorsed the legislation.
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