Apple and Google are being investigated in South Korea for

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Apple and Google are being investigated in South Korea for in-app payment violations. The in-app payment law is allegedly being broken by app store operators including Apple, Alphabet’s Google, and One Store, according to a statement made on Tuesday by South Korea’s telecom regulator. The law states that potential penalties for violations could be as much as 2% of the typical annual revenue from the relevant business practices. The regulator made no mention of the size of any potential fines in this case. Follow For More Updates at Worldrapiddnews.com

Apple and Google are being investigated in South Korea for in-app payment violations.

Major app store operators like Google and Apple are prohibited from requiring software developers to use their payment systems under a law passed last year and in effect since March. According to a statement from the Korea Communications Commission (KCC), it has been determined that all three of Google, Apple, and One Store may have broken the rules after conducting an investigation since May 17.

A Google spokesperson issued the following statement: “We have collaborated closely with government stakeholders and our developer community to increase user choice in Korea in accordance with the new law, while continuing to ensure we can invest in the ecosystem and provide a safe and high-quality experience for all.

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“We’ll continue to work with the KCC, as we have at every stage of this process.” When contacted by Reuters, neither Apple nor One Store responded with a comment right away. If prohibited activities are discovered during the investigation, the KCC added that it plans to implement strict measures like correction orders or fines.

Apple and Google are being investigated in South Korea for in-app payment violations.  Apple and Google are being investigated in South Korea for download 6 34
Apple and Google are being investigated in South Korea for in-app payment violations.

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App market operators who unjustly delay mobile content reviews as well as those who refuse, delay, restrict, delete, or block the registration, renewal, or inspection of mobile content that accepts third-party payment methods are prohibited from engaging in these prohibited acts.

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In an effort to lessen the market dominance of the technology giants and prevent major app store operators like Apple and Google from charging commissions on in-app purchases, South Korea amended the Telecommunication Business Act in August of last year.

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