South Korea Aims To End The Dominance Of Apple And Google
South Korea is set to pass a historic amendment to a law, that could force Apple and Google to relinquish their grip on collecting commissions from developers.
South Korea– Although there has been a lot of discussion about these two companies having a great deal of control over the fees collected from in-app purchases on their app stores, this is the first time that a country has taken a decisive step to limit it.
According to Reuters, a parliamentary committee has passed a bill to ban Apple and Google from forcing app developers to use the platforms’ payment systems, removing the last remaining hurdle before the final vote.
The National Assembly’s Legislation and Judiciary Committee agreed to review the Communications Business Law, which seeks to prevent app market operators from requiring developers to use certain payment systems by unfairly using their sites.
If the bill is approved in an all-National Assembly session on August 30, South Korea would be the first country to impose such restrictions on the in-app billing policies of global tech giants, which are under increasing scrutiny around the world.
Both Apple and Google charge 30% of app developers’ fees for in-app purchases. However, over the past year, they have reduced that fee to 15% for revenue under $1 million.