Connect with us

South Korea limits commission dominance of Google and Apple

Published

on

Tech giants have warned that the new law threatens the safety of users.

The South Korean authorities were the first in the world to legally ban Apple and Google from restricting the choice of payment systems for developers of mobile applications and digital services. The developers got the right to choose the most profitable payment systems with a lower commission themselves, according to The Wall Street Journal. Representatives of Apple and Google not only opposed the law, but also said that it exposes users to high risks of attacks from hackers and fraudsters. Apple, in turn, fears a churn of App Store users due to the possibility of using alternative stores without the proper level of security and privacy protection.

The new law provides for administrative penalties in cases where tech giants prohibit developers from using third-party payment services. Violation of the law is subject to a fine of up to 3% of the company’s total annual income in the country.

Click to comment

Leave a Reply

Your email address will not be published.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

Advertisement

Latest News

Advertisement