Google postpones implementation of new in-app purchase policy in South Korea over criticism
Google said it has delayed the rollout of the new policy to provide ample time to the local developers for adapting to the latest billing system
avatar
Staff or Guest writer for The Dog of Wall Street.
2020-11-27 15:19

Google in September announced a new policy related to its commission fee for Play Store in South Korea. The revised policy would have allowed the search engine giant to impose a commission fee of 30 percent on all digital content ranging from local music to comic apps.

Google postpones implementation of new in-app purchase policy in South Korea over criticism

However, the company recently postponed its decision of implementing the new policy after facing criticism from regulators and local developers. It is currently receiving a 30 percent commission on in-app purchases made within the gaming apps category.

Google said it has delayed the rollout of the new policy to provide ample time to the local developers for adapting to the latest billing system. However, the grace time will end next year, and the new in-app purchase policy will come into effect from September 2021.

In response to the latest move, a group of lawyers representing local developers in South Korea filed a legal case against the Menlo Park, California-based tech giant earlier this week. The developers alleged the new policy would breach the anti-trust regulation of the country.

Moreover, South Korean regulators have suggested new regulations to limit Google’s ability to go forward with the policy change.

However, Google claims that the revised policy will not impact most of the developers, as about 97 percent of South Korean developers on Play Sore already use its billing system. The company also said that only 2 percent of the developers will be affected by the new move.

On the other hand, rival Apple already charges a 30 percent commission in fee for all purchases made on apps downloaded by users from Apple Store. Though, the company announced last week that it will reduce the commission fee for small developers from 30 percent to 15 percent, effective next year.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2020-11-27 15:19

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

Levi Strauss' Bold Gambit: Is the Denim Icon's DTC Shift Enough to Weather the Storm?
Levi Strauss & Co. boasts a strong quarter with direct-to-consumer growth and innovative fashion, but can it navigate the choppy waters of the retail market?
By Alfonso | 1 year ago

Amazon's Bold Counterattack: Introducing the China-Direct Discount Section
As competition heats up, Amazon unveils a daring new strategy to offer unbeatable prices and direct shipping from China.
By Alfonso | 1 year ago

Tesla's Legal Challenges: Facing the Music on Autopilot Misrepresentation
Court ruling intensifies scrutiny on Tesla's self-driving claims.
By Alfonso | 1 year ago

Netflix's Ad-Supported Triumph: A New Era in Streaming
Surpassing 40 million users, Netflix’s ad-supported plan redefines the streaming landscape.
By Alfonso | 1 year ago

Tesla Stock (TSLA): Look Who's Back!
I’m cautiously optimistic but I’m at the point where I need to see it to believe it.
By Mike Sakuraba | 1 year ago

2 Earnings To Pay Attention to Next Week
Since big tech is the theme, you probably know what I have my eyes on for next week.
By Mike Sakuraba | 1 year ago

2 Stocks to Watch Below $10
Here are two stocks that are currently less trading in the single digits that I believe have some relative upside from their current prices.
By Mike Sakuraba | 1 year ago

Looking Ahead to Tesla's Earnings: What Can We Expect?
Is there any stock that has been more talked about than Tesla (NASDAQ: TSLA) as of late? It’s a company that is always in the spotlight but the stock is under some heavy scrutiny this year and deservedly so.
By Mike Sakuraba | 1 year ago