SEOUL, Jan. 6 (Korea Bizwire) — Thus far, users have had to go through a complex process to cancel services subscribed to through in-app payments on Apple’s App Store. From now on, however, it will be possible to cancel such services simply with one click. The Korea Communications Commission (KCC), South Korea’s telecommunications regulator, said [...]
SEOUL, Nov. 17 (Korea Bizwire) — App store operators will face a fine of up to two percent for forcing developers to use their own in-app payment systems, the country’s telecommunications regulator said Wednesday. Under the enforcement decree of the revised law aimed at curbing Google Inc. and other app store operators’ dominance, such app [...]
SEOUL, Aug. 25 (Korea Bizwire) — A parliamentary committee on Wednesday passed a bill to ban Google and Apple from forcing app developers to use the platforms’ payment systems, clearing the last remaining hurdle before a final vote. The legislation and judiciary committee of the National Assembly approved the revision of the Telecommunications Business Act, [...]
SEOUL, June 3 (Korea Bizwire) — Apple Inc. facilitated nearly US$15 billion in billings and sales in South Korea last year, according to a report released by the company Thursday, unveiling the figure for the country for the first time. The report from the U.S.-based Analysis Group found that Apple’s App Store facilitated $14.9 billion [...]
SEOUL, March 3 (Korea Bizwire) — A large number of South Korean mobile app developers experienced unfair transaction practices from mobile app stores including the Google Inc.’s Play store and Apple Inc.’s App Store, the antitrust regulator said Tuesday. The Korea Fair Trade Commission carried out a fact-finding survey with 500 local mobile and accommodation [...]
SEOUL, Nov. 18 (Korea Bizwire) — Apple Inc. said Wednesday that it will reduce the standard commission from 30 percent to 15 percent for small-sized app developers at its app store starting next year. Apple currently takes a 30-percent cut of the developers’ revenue when iPhone or iPad users make purchases. Virtually all in-app purchases [...]
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. 26 (Korea Bizwire) — With Apple Inc. introducing an adult certification procedure to its app store in South Korea, it seems that games for adults that had not been released until now are now being launched en masse. According to the gaming industry, so-called web board games such as go-stop and poker were [...]
SINGAPORE, Feb. 23 (Korea Bizwire) – Singapore-based private investment firm Aetius Capital is leading the region’s first digital games platform token sale — a US$30M Initial Coin Offering (“ICO”) for Cloud Alliance, a Singapore-based technology startup founded by seasoned video gaming entrepreneurs to develop platform solutions for the digital games industry. The proceeds from the [...]
SEOUL, June 1 (Korea Bizwire) – The Big Three Korean telecommunications companies (SKT, KT and LG Uplus) have consolidated their in-house mobile app stores into a single entity called ONE store. The service took off Wednesday with mixed expectations about its ability to offer a compelling challenge to Google. Prior users of the T Store [...]