South Korea Mandates Alternative App Payments For Apple And Google
Google and Apple Inc. are required to open their app stores to alternative ways to pay in South Korea. The new legislation is the first of its kind worldwide, enacted to curb tech giants’ control over which payment apps consumers can use.
Watch for this move to lead to similar moves in the US and EU. The two App store powerhouses have long been criticized for business practices that limit consumers’ choices for app payment.