Say "no" to the monopoly of giants: South Korea prevents Apple and Google from compulsively charging app store purchase commissions

2021-10-14: [Article Link]. Reference News Network reported on October 14 that South Korea has blocked Google and Apple from forcing app developers to use their payment systems in their app stores, become the first country to curb the strength of the two tech giants in this lucrative market. At the same time, U.S. courts and legislatures are considering similar measures. The report quoted South Korea's Yonhap News Agency as saying that the South Korean National Assembly recently passed a law allowing application developers to use external companies to process App payments in Google Play Store and Apple App Store. Industry insiders say the monopoly allows Google and Apple to draw a large portion of each payment because developers have no choice if they want to get paid. "30%"-This is the share of the purchase Commission that Google and Apple get in the App Store. August this year United States senator proposed a similar bill and EU lawmakers in last December introduced a bill to the big tech companies including Google, Apple and Amazon) shall be fined, because they tend to use their own payment systems and other services. According to the report, Megan Di Muzio, head of the Coalition for App Fairness, said the law "is a major development in the global battle to bring equity to the digital economy". The industry group is backed by Epic Games, Spotify, the developer of the big hot game Fortnite.

Note: This is auto-translated version of a Chinese domestic news media article. A mature and nuanced reading is suggested.