South Korea’s new bill targets Google and Apple’s in-app payment dominance
The bill is nicknamed the “Google power-abuse-prevention law” by some lawmakers in Korea.
What you need to know
South Korea has passed a new bill to prevent Google and Apple from forcing developers to use their in-house payment systems.
Companies could be fined up to 3% of their South Korea revenue if they fail to comply with new rules.
The bill is expected to soon be signed into law by President Moon Jae-in.
A new bill passed by South Korea’s National Assembly could significantly reduce Google and Apple’s dominance over app store payments. According to The Wall Street Journal, the bill is set to become law once it is signed by President Moon Jae-in.
The bill amends the country’s Telecommunications Business Act to prevent “large app-market operators” from forcing the use of their in-house payment systems on developers. Additionally, it bans companies from delaying the approval of apps or pulling them from the marketplace. These provisions are meant to “head off retaliation ag…