South Korea has passed a bill to prevent major platform owners like Google and Apple from restricting app developers to use other payment systems. In particular, the law is an amendment to South Korea’s Telecommunications Business Act. However, this is a blow to Google and Apple’s payment policies which require in-app purchases to flow only through their systems.
In detail, Google and Apple’s payment policies collect a 30% cut for every transaction payment. In the approved bill developers will be able to avoid paying commission to Google and Apple by directing users to pay via alternate platforms. Additionally, if tech companies fail to comply with the new law, they could face fines of up to 3% of their South Korean revenue.
Firstly, Google says, “Just as it costs developers money to build an app, it costs us money to build and maintain an operating system and app store”. More so, Apple says, “we believe user trust in App Store purchases will decrease as a result of this proposal”. Thus, Real Research seeks to find out the public opinion on South Korea’s parliament bill.
So, hurry and share your thoughts with us by answering the survey on the Real Research App from September 17, 2021. After that, you will receive 10 PLF as a reward.
|Survey Details |
Public Opinion on Korea Passing a Bill to Curb Google and Apple’s Payment Policies
Target Number of Participants:
Nationality: All(Except for South Korea)
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