Google and Apple will have to open their app stores to alternative payment systems in South Korea under newly passed legislation there, threatening their lucrative commissions on digital sales.
South Korea passes ‘Anti-Google law’ bill to curb Google, Apple in-app payment commission
After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent …
South Korea passes ‘Anti-Google law’ bill to curb Google, Apple in-app payment commission
After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent …
LG Display raises investment at Vietnam factory by $1.4 bln – local govt
Vietnam has awarded a licence to South Korea’s LG Display (034220.KS) that will see it raise its investment in the northern port city of Haiphong by $1.4 billion, the city’s People’s Committee said on …
S. Korean envoy meets Finance Minister
The Ambassador of South Korea to Sri Lanka Santhush Woojin Jeong paid a courtesy call on Finance Minister Basil Rajapaksa at the Finance Ministry recently. ..
New South Korea law likely to test Apple, Google duopoly: Report
South Korea is expected to become the first country to pass a law ending Apple and Google’s domination of payments on their mobile platforms, setting a potentially radical precedent for their app …
South Korea Could Kick-Start Global Boycott of App Store Commission
Developers are reviewing South Korea’s strategy to prohibit Apple and Google from automatically assessing high commissions on in-app purchases.
Ahnsoft Joins Hands With IBM, PWC, and the Technology Credit Guarantee Fund of South Korea to Spark a New Stage of Growth for Social Media and Digital Advertising
Ahnsoft Co., Ltd (“Ahnsoft”), the South Korean software development group, together with IBM and PWC, and in light of funding approval by the Korean G …
Apple, Google face scrutiny in South Korea over in app payment rules
Google and Apple are facing scrutiny in South Korea over their in app payment rules. Both companies were criticized by the government in South Korea, which is considering a ban on their payment rules …
U.S. says North Korea nuclear report shows “urgent need for dialogue” -official
The IAEA report came on the heels of a four-day visit to South Korea by President Joe Biden’s special envoy … reaching billions of people worldwide every day. Reuters provides business, financial, …