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South Korea Law Hits Apple, Google App Store Commissions: FT

A Google logo is seen on an Apple Macbook in this image from April 2020. Photo: Dado Ruvic, Reuters.

South Korea passed a law that allows mobile phone users to pay software developers directly for their apps, undercutting a lucrative commission business for Apple and Google, the Financial Times reported.

It makes the nation the first country in the world to pass such a law, dubbed the ”anti-Google bill,” the story said. The law bans Google, Apple and other app store operators from forcing users to pay for apps with their own in-app purchasing systems, the FT said. South Korea’s national assembly passed the bill and it will become law once signed by President Moon Jae-in, the report added.

Full story: Financial Times. 

ALSO ON AF: SKorea Set to Curb Google, Apple Commission Dominance



Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.


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