Apple submits plans to allow alternative payment systems in S.Korea - regulator

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2022-01-12 17:00:17

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar

SEOUL, Jan 11 (Reuters) - South Korea's telecommunications regulator said on Tuesday Apple Inc (AAPL.O) had submitted plans to allow third-party payment systems on its App Store to comply with a law banning major app store operators from forcing software developers to use their payments systems.

The Korea Communications Commission (KCC) had requested Apple and Alphabet's (GOOGL.O) Google to submit compliance plans after the bill was passed in August last year and went into effect in September. read more

Google announced its plans to allow alternative payment systems in South Korea in November to comply with the amended Telecommunication Business Act, dubbed the "anti-Google law". read more

"We look forward to working with the KCC and our developer community on a solution that benefits our Korean users," Apple said in a statement, but did not provide details such as timeline of when the new payment systems will take effect or commission fee rates.