January 25, 2022

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Apple plans to allow alternative payment systems in South Korea

Apple’s announcement comes after the Korea Communications Commission’s (KCC) request for the US technology giant to devise compliance plans for the law that went into effect in September.

Reuters

January 11, 2022 / 11:37 AM IST

Image: Reuters

Image: Reuters

South Korea’s telecommunications regulator on Tuesday said Apple Inc has submitted plans to allow third-party payment systems on its app store, to comply with a new law banning major app store operators from forcing software developers to use their payments systems.

Apple’s announcement comes after the Korea Communications Commission’s (KCC) request for the US technology giant to devise compliance plans for the law that went into effect in September.

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