Apple plans to allow third-party payment systems in South Korea’s App Store, regulator says

Deepak Gupta
Deepak Gupta January 11, 2022
Updated 2022/01/11 at 9:45 AM

South Korea’s telecoms regulator said on Tuesday that Apple has unveiled plans to allow third-party payment systems in its app store, to comply with a law banning major app store operators from forcing software developers to use their payment systems.

The Korea Communications Commission (KCC) had asked Apple and Alphabet’s Google to submit compliance plans after the project was approved in August of last year. The law took effect in September.

Google announced its plans to allow alternative payment systems in South Korea in November to comply with the amended Telecommunications Business Act, dubbed the “anti-Google law.”

“Apple has great respect for the laws of Korea and a strong history of collaborating with the country’s talented app developers… We look forward to working with the KCC and our developer community on a solution that will benefit our Korean users,” Apple said. . in a statement.

The KCC said Apple plans to allow alternative payment systems for a lower service fee compared to the current 30% commission.

Apple did not provide details such as a timeline for when the change will take effect or commission rates, but plans to discuss more details with the KCC, the regulator said.

© Thomson Reuters 2022

Indian and global Realme GT 2 variants detected in Google Play Console listing: report

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *