Apple shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance

Apple shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance.

South Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.

It is the first such curb by a major economy on the likes of Apple Inc and Alphabet Inc's Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%.