SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday U.S. tech giant Apple Inc. has expressed its intention to voluntarily correct its commission policy, which ends up charging more for local app developers. The move came after the Fair Trade Commission (FTC) launched a probe into Apple amid criticism that the company [...]
SEOUL, Nov. 27 (Korea Bizwire) — Google said Friday that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country’s new law that bans app market operators from forcing the use of their own payment systems. “Developers can now accept [...]
SEOUL, Aug. 23 (Korea Bizwire) — One store, a South Korean app market operator, said Monday it has joined hands with Microsoft Corp. to develop a global app market by next year in its latest move to boost its presence against bigger rivals operated by global tech giants. The app market is currently available on [...]
SEOUL, July 20 (Korea Bizwire) — South Korean lawmakers decided Tuesday to press forward with legislation that restricts app market operators from wielding their dominance in determining how digital goods payments are processed in a move widely seen as reining in global tech giants such as Google and Apple Inc. Over the past year, multiple [...]
SEOUL, March 3 (Korea Bizwire) — Major South Korean telecom operators KT Corp. and LG Uplus Corp. said Wednesday they invested a total of 26 billion won (US$23.1 million) for a minority stake in the homegrown app market ONE store, bolstering the smaller local rival to Google’s Play store. KT has invested 21 billion won [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s app market ONE store has drawn attention as a possible alternative to Google’s Play store as local app developers worry about increasing costs over the U.S. tech giant’s decision to expand its 30 percent commission fee to all in-app digital goods purchases later this year. ONE store, [...]
SEOUL, Aug. 26 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it will survey local app developers over fees levied by mobile app market platform operators amid concerns surrounding potential changes to Google’s platform payment policy. Google currently requires local game apps on its platform to use its in-app payment system, which [...]
SEOUL, Aug. 19 (Korea Bizwire) — A sign of conflict is surfacing again over the commissions charged by Apple and Google in their respective app stores, which have an unrivaled presence in the app market. After charging a 30 percent commission for gaming content, Google plans to shift its commission policy towards charging commissions on [...]
SEOUL, Dec. 1 (Korea Bizwire) — In the mobile application store business where only a few IT giants dominate the global market, it takes herculean efforts for newcomers to overcome the high entry barriers and make their presence known to industry players. To survive in the market monopolized by Google’s Play Store for Android devices [...]
SEOUL, Aug. 7 (Korea Bizwire) – Beginning in July next year, the government will impose 10-percent value-added taxes on smartphone applications sold on overseas open markets such as Google Play and Apple App Store. According to a plan announced by the Ministry of Strategy & Finance on August 6, it would assess taxes on apps sold on foreign [...]