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Finance

South Korea fails to rein in Apple, Google app fees, critics say

Lawmakers start to call for further action against U.S. tech giants' dominance

Apple and Google imposed a separate 26% fee on app makers when using external payments to circumvent a South Korean designed to break the companies' dominant market position.   © Reuters

SEOUL -- A year has passed since South Korea enacted a law requiring Apple and Google to allow access to third-party billing systems for app payments, but critics say it has done little to change the U.S. tech giants' dominance.

The country amended its Telecommunications Business Act in March 2022 to ban app store operators from forcing developers to use specific payment methods. Google and Apple required the use of their own payment system, from which they receive a 30% commission.

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