Tech

Apple to allow third-party payments for apps in South Korea

Apple will soon allow developers to use alternative payment systems for their apps in South Korea to comply with the country’s new law. According to The herald of Korea, the tech giant has made plans for how its app store will handle third-party payments to the Korea Communications Commission. He would not have included details on when changes to his store will take effect and exactly how much he will charge for his service fees. However, the company said its discount for alternative payment transactions will be less than 30%.

South Korea last year passed a law dubbed the “anti-Google law” that requires major app stores like Google and Apple to allow third-party payment methods. It was a blow to the tech giants who generally keep a tight grip on their app stores. Both are even grappling with lawsuits challenging the commission they take from developers. Perhaps their most high-profile legal battle is the one with Epic, which began after the video game developer tried to bypass the companies’ 30% commission by offering discounts to users who buy in-game currency directly from its portal.

Korea’s new law says companies will face fines if they refuse to comply and force developers to only use their payment systems. Google submitted its first compliance plans shortly after the law came into effect in September, revealing that it will cut its commission by 4% for transactions that don’t use its own payment system. As for Apple, we’ll likely hear more information in the coming months. A spokesperson said in a statement:

“We look forward to working with the KCC and our developer community on a solution that benefits our Korean users. Apple has great respect for Korean laws and a solid history of working with the country’s talented app developers. Our work will always be guided by making the App Store a safe and reliable place for our users to download the apps they love. “

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