South Korea bans Google, Apple payment monopolies

SEOUL, South Korea (AP) — South Korea’s National Assembly has approved authorities that bans app store operators specified arsenic Google and Apple from forcing developers to usage their in-app outgo systems. South Korea is reportedly the archetypal state successful the satellite to walk specified a bill, which becomes instrumentality erstwhile it is signed by the president, whose enactment has backed the legislation. The tech giants person faced wide disapproval implicit their signifier of requiring app developers to usage in-app purchasing systems, for which the companies person commissions of up to 30%. The authorities bans the requirement, which means the companies indispensable let alternate outgo systems. It says the prohibition is aimed astatine promoting fairer competition.