South Korea will Limit the Monopoly of Apple and Google on the Commission from Purchases in Mobile Applications
South Korean authorities began considering issues related to the structure of commission fees of technology giants in the middle of last year. Apple and Google have faced criticism, which is due to the fact that companies require developers to use only their own payment tools in their applications, charging a fee of 30% for transactions.
According to reports, the digital content store Google Play Store earned in South Korea in 2019 about $ 5.29 billion For Apple, the commission on in-app purchases from the App Store is also one of the key sources of income in the direction of the service business. This year, Google announced a reduction in the commission for developers to 15% for the first million annual revenue. Earlier, Apple made similar concessions.