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, Nov. 23 (Korea Bizwire) — Samsung Electronics Co. Vice Chairman Lee Jae-yong has met with the chiefs of Google and Microsoft to discuss future cooperation in chips, software and others, Samsung officials said Tuesday. The meetings earlier this week with Google CEO Sundar Pichai and Microsoft CEO Satya Nadella came as the world’s largest [...]
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, Nov. 16 (Korea Bizwire) — The head of a U.S. group that speaks for app developers has praised as “monumental” South Korea’s recent law prohibiting Google Inc. and Apple Inc. from forcing their in-app payment systems on app developers. The law went into effect in September, making South Korea the first country in the [...]
SEOUL, Nov. 4 (Korea Bizwire) — Google Inc. has pledged to provide an alternative payment system at its app store in South Korea, the telecommunications regulator said Thursday, in what could be a concession amid a tug-of-war over lucrative payment systems in the app market. The commitment is part of follow-up measures to a new [...]
SEOUL, Sept. 15 (Korea Bizwire) — Google said Wednesday it offers around 12 trillion won (US$10.25 billion) in economic benefits for South Korean consumers annually through its services, highlighting its presence in the country amid growing scrutiny from local regulators and politicians over allegations of unfair business practices. During an online recorded event, the tech [...]
SEOUL, Sept. 14 (Korea Bizwire) — A South Korean law aimed at curbing the influence that Apple Inc. and Google have over payment systems in their app stores went into effect Tuesday, the country’s telecommunications regulator said, marking a victory for many local developers. The new law, the first of its kind globally, bars app [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to fine global tech giant Google 207.4 billion won (US$176.8 million) for pressing smartphone makers into only using its Android mobile operating system. Since 2016, the Korea Fair Trade Commission (KFTC) has been looking into Google over allegations it obstructed [...]
SEOUL, Sept. 3 (Korea Bizwire) — A U.S.-based group of companies is celebrating the passing of the revised bill of the Telecommunications Business Act in South Korea to curb the sway of Google and Apple when it comes to app store fees. One U.S. game developer welcomed the news, calling himself “a Korean.” “As President [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s parliament passed a bill Tuesday that would rein in the dominance Google and Apple exert over payments on their app stores, becoming the first nation in the world to enact such a law. South Korean lawmakers voted to approve the amendments to the Telecommunications Business Act, which [...]