South Korea passes law targeting Google and Apple's dominance in app payments

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South Korea passes law targeting Google and Apple's dominance in app payments
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Google and Apple will have to allow app developers to use alternative payment systems under legislation just passed by South Korea

Hong Kong / Seoul that could set the stage for similar action in other countries.

The amended Telecommunications Business Act was approved by the country's National Assembly on Tuesday, with the backing of President Moon Jae-in's party. It will become law once President Moon signs it. Under the new law, developers will be able to select which payment systems to use to process in-app purchases, meaning they may be able to bypass hefty charges imposed by the two longtime leaders.

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