South Korea's competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won (176.9 million) for allegedly using its dominant market position in the mobile operating. Easy navigation, swipe left and right to. Minimalist style and material design while maintaining stability and smoothness. Simple and easy to use interface design. Update every 30 minutes to help you stay up-to-date on Korea news. Category includes headlines, national, North Korea, business, entertainment, lifestyle, sports, world, and others.
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The rules are designed to affect large companies, but some European lawmakers are in favour of tightening them to specifically target American technology giants, Reuters reported in June. Companies.The European Union last year proposed the Digital Markets Act, taking aim at app store commissions. And it wants to expand its policy to other apps like music or webtoon," said Kwon Se-hwa, a general manager at the Korea Internet Corporations Association, a nonprofit group representing Korean IT firms."If the new bill becomes the law, developers will have options to use other independent payment systems," Kwon said.Naomi Wilson, vice president of policy for Asia at the Information Technology Industry Council, a trade group that includes Apple and Google, said the legislation would violate South Korea's multilateral and bilateral trade commitments."If enacted, the bill would present challenges both for app developers and app stores seeking to do business in the Korean market," she said, urging Korean legislators to re-examine the obligations for app markets and ensure they do not disproportionately affect U.S. Tech companies with the Biden administration's push to increase competition in the industry."We are engaging a range of stakeholders to gather facts as legislation is considered in Korea, recognizing the need to distinguish between discrimination against American companies and promoting competition," Hodge said.Both Apple and Google have faced global criticism because they require software developers using their app stores to use proprietary in-app payment systems that charge commissions of up to 30% on in-app purchases."For gaming apps, Google has been forcing app developers to use its own payment system. Officials were still considering how to balance the views of the U.S.
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