South Korea passes ‘Anti-Google law’

[Graybeard]

Anti Apple too ... This is about in app payment *rails* and forced excessive commissions

South Korea passes ‘Anti-Google law’ bill to curb Google, Apple in-app payment commission

After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent Google and Apple from forcing developers to use their in-app billing systems when building apps for...

finance.yahoo.com

After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent Google and Apple from forcing developers to use their in-app billing systems when building apps for their two market-dominating app stores .

This is the first time globally that a government has intervened to prevent Google and Apple from imposing their own payment rails on in-app purchases. ...

... Apple said in its statement, "the proposed Telecommunications Business Act will put users who purchase digital goods from other sources at risk of fraud, undermine their privacy protections, make it difficult to manage their purchases, and features like 'Ask to Buy' and Parental Controls will become less effective."

Google could not be reached.

 

[DavidMull]

South Korea passes 'Anti-Google law' bill to curb Google, Apple in-app payment commission. ... Google in March 2021 reduced its commission to 15% from an original 30% for all in-app purchases to appease app developers. But four months later, it announced that it will push back its new in-app billing system to March 2022

 

[Graybeard]

FYI most transaction fees are 1.5% to 5%