South Korea may be on the verge of passing an amendment to its Telecommunications Business Act that would require Apple and Google to accept third-party payments in their app stores. With a final judgment expected on Wednesday, August 25, Apple has expressed its worries about the bill’s impact on the App Store.
According to Reuters, it looks extremely likely that South Korea would adopt the new “Anti-Google law” with a final vote set for tomorrow, August 25, if the legislation and justice committee of the parliament approves it today.
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy.
According to Apple, the change “would put consumers who purchase digital products from other sources at risk of fraud, damage their privacy safeguards, and make it difficult to monitor their transactions,” according to a statement to Reuters.
Further, as it has previously done in response to criticism of App Store purchases, Apple expressed worry that consumers’ confidence was being eroded:
The iPhone maker said it believes “user trust in App Store purchases will decrease as a result of this proposal — leading to fewer opportunities for the over 482,000 registered developers in Korea who have earned more than KRW8.55 trillion to date with Apple.”
Of course, South Korea isn’t the only place where Apple and Google view significant legal change as a possibility. For the most up-to-date information on Apple’s antitrust lawsuits and inspection throughout the world.