The dominance of application stores by Apple and Google seems to be coming to an end, especially in South Korea.
After a brief delay, the South Korean government has finally voted in favor of plans for changes to the Telecommunications Business Act that would force Apple and Google to allow users to make payments to third parties.
It is known that so far the App Store and Google Play Store application stores use their own payment system for app purchases and other transactions.
With a method like this, it burdens the developers because the sales of their applications will be cut by 30%.
With this Act change, other payment providers will be allowed to take a smaller cut from Apple or Google, allowing developers to save more of their revenue from selling or buying apps.
Apple and Google must comply with this new law otherwise both companies will face the risk of a fine of 3% of all their revenue in South Korea including hardware sales.
"Adjustments can be made in carrying out the policy. We are fully aware of Apple and Google's concerns, so we will implement them with stakeholders and industry users in mind," said Han Sang-hyuk, chairman of the Korean Communications Commission.
