Interested? Contact us now
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.comThe Korea Communications Commission (KCC) will launch investigations in Apple [AAPL:US] and Google’s [GOOGL:US] app stores, as well as One Store, a South Korean app store, for alleged breaches of domestic in-app payment regulations, as reported by the Korea Herald on August 9. The probe will begin on August 16 and will seek to determine whether the three app stores are pressuring app developers to adopt specific payment methods for in-app purchases. KCC has been investigating the three app stores since May 17 regarding potential violations of the Telecommunications Business Act, which prohibits app store operators from pushing app developers to adopt their own in-app payment methods.
Both Apple and Google have faced antitrust investigations from the US, the EU, Russia, and Japan as a result of the high commissions taken from app developers through in-app transactions. For example, Swedish music streaming provider Spotify [SPOT:US] filed an antitrust lawsuit against Apple in the EU in March 2019, alleging that Apple forces it to use its own in-app payment system and pay a 30% commission on transactions. Bloomberg Intelligence, a Bloomberg think tank, estimated that Apple’s App Store services revenue in 2020 would be USD16.845bn, or 30% of Apple’s total services revenue.
Sources:
https://www.koreaherald.com/view.php?ud=20220809000816&np=1&mp=1
https://finance.sina.com.cn/tech/internet/2022-08-09/doc-imizmscv5503778.shtml
Monitor ESG performance in portfolios, create your own ESG frameworks, and make better informed business decisions.
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.com7 Straits View, Marina One East Tower, #05-01, Singapore 018936
+65 6223 8888
Gustav Mahlerplein 2 Amsterdam, Netherlands 1082 MA
(+31) 6 4817 3634
77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414
(+886) 02 2706 2108
Viet Tower 1, Thai Ha, Dong Da Hanoi, Vietnam 100000
(+84) 936 075 490
Av. Santo Toribio 143,
San Isidro, Lima, Peru, 15073
(+51) 951 722 377
1-4-20 Nishikicho, Tachikawa City, Tokyo 190-0022