Thursday, Aug 13, 2026
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Sport
  • Science and Tech
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • My Space
    • Education Today
    • Reviews
    • Property
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • My Space
  • Reviews
  • Education Today
  • Property
  • Lifestyle
Home | Science & Tech | Apple Google To Face Up To 2 Fine Under New Korean Law

Apple, Google to face up to 2% fine under new Korean law

In August, South Korea made amendments to the Telecommunications Business Act, becoming the first country to introduce such curbs on global tech giants' in-app billing policies.

By IANS
Updated On - 20 November 2021, 12:57 PM
Apple, Google to face up to 2% fine under new Korean law
whatsapp facebook twitter telegram

Seoul: App store operators will face a fine of up to two per cent for forcing developers to use their own in-app payment systems, South Korean telecommunications regulator said.

Under the enforcement decree of the revised law aimed at curbing Google and other app store operators’ dominance, such app store operators will have to pay one per cent of their revenue for delays in reviewing apps, according to the Korea Communications Commission (KCC).


In August, South Korea made amendments to the Telecommunications Business Act, becoming the first country to introduce such curbs on global tech giants’ in-app billing policies.

The move came amid growing global scrutiny against Google and Apple, who maintain a strong grip over mobile ecosystems, for requiring developers on their app stores to use their proprietary payment systems that charge fees of up to 30 per cent when users purchase digital goods within apps, reports Yonhap news agency.

Developers around the world have questioned app market operators’ exclusive in-app payment systems, opposing their relatively high commissions and demanding they should be able to freely use other systems.

South Korea is home to a robust mobile app economy, with total sales from Google’s Play store at around 5 trillion won ($4.23 billion) last year and that of Apple’s App Store at 1.6 trillion won, according to the Korea Mobile Internet Business Association.

Earlier this month, Google pledged to provide an alternative payment system on its app store in South Korea at a slightly reduced service charge of 4 percentage points.

  • Follow Us :
  • Tags
  • Apple
  • Google

Related News

  • Apple set to outperform smartphone industry, say experts

    Apple set to outperform smartphone industry, say experts

  • Formula 1 CEO Stefano Domenicali says F1 entering exciting new era as global fanbase grows

    Formula 1 CEO Stefano Domenicali says F1 entering exciting new era as global fanbase grows

  • Parliamentary panel summons Meta, Google, X, Snapchat over social media regulation

    Parliamentary panel summons Meta, Google, X, Snapchat over social media regulation

  • Record over 1.7 bn people watched FIFA WC related videos on YouTube: Sundar Pichai

    Record over 1.7 bn people watched FIFA WC related videos on YouTube: Sundar Pichai

Latest News

  • Sarfaraz should play ahead of Jurel in Galle Test, says WV Raman

    1 min ago
  • Priest hands over 8 tolas gold found near Begumpet to Hyderabad police

    4 mins ago
  • Will Revanth Reddy end speculation over Nirmala’s renomination as TGIIC chairperson?

    5 mins ago
  • BRS alleges Congress plotting to scrap Kalyana Lakshmi, Shaadi Mubarak

    8 mins ago
  • Lok Sabha records one of its lowest productivity levels since 2004

    9 mins ago
  • BHEL, Norway’s Hystar partner for PEM electrolyser manufacturing in India

    14 mins ago
  • Former Khammam excise official accuses liquor trader of malicious campaign

    16 mins ago
  • Five arrested for alleged conspiracy to kill Delhi man after two failed attempts

    23 mins ago

company

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

  • Telangana Today Telangana Today
Telangana Today Telangana Today

© Copyrights 2024 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam