Apple and Google must allow developers to use other payment systems, new Korean law declares

Apple and Google must allow developers to use other payment systems, new Korean law declares


South Korea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports. The bill is now expected to be signed into law by President Moon Jae-in, whose party championed the legislation.

The law comes as a blow to Google and Apple who both require in-app purchases to flow only through their systems, instead of outside payment processors, allowing the tech giants to collect a 30 percent cut. If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their South Korea revenue.

The law is an amendment to South Korea’s Telecommunications Business Act, and it could have a large impact on how…

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