Google Korea to Comply with New Integrated Payments Law, Telecom News, ET Telecom

Seoul: Google’s Korea official said the company will follow the country’s new law that prohibits app store operators from forcing their integrated payment systems to developers.

In August, the National Assembly of South Korea amended the Telecommunications Business Act prohibiting operators of the app market from taxing certain payment systems on mobile content companies by abusing their market positions.

App store giants Google and Apple operate their own proprietary systems, which take up to 30% in commissions from many developers, who have complained about high fees.

Kim Kyung-hoon, country director for Google’s local unit, said the company would follow the new law after repeated questioning from lawmakers during a parliamentary audit of the Science, ICT, Broadcasting Commission and communications, reports the Yonhap news agency.

“While there are areas that are regrettable, we are following the law,” Kim said, saying the company will change its business model.

In September, the country’s telecommunications regulator said it would receive specific plans from operators in the app market on how they plan to comply with the new law and that it will also meet with app developers to discuss of their grievances.

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