S.Korea lawmaker says Apple, Google not doing enough to comply with app store law_老虎社区_美港股上老虎

S.Korea lawmaker says Apple, Google not doing enough to comply with app store law

Reuters2021-11-16

Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...

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Dita
·2021-11-16
If Korea succeeds, I wonder what other countries with strong local payment processing player will follow suit
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GG21
·2021-11-16
seriously!!
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peanutnotes
·2021-11-16
Wow
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Gaik11
·2021-11-16
Okay
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- Gaik11:
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  2021-11-16
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href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOG","symbol_name":"谷歌","start_time":0,"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","article_id":"1148232836","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148232836","pubTimestamp":1637063429,"sourceInfo":null,"weMediaInfo":null,"summary":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's 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woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":871662252,"gmtCreate":1637065824155,"gmtModify":1637065824418,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"htmlText":"If Korea&nbsp;succeeds, I wonder what other countries with strong local payment processing player&nbsp;will follow suit","listText":"If Korea&nbsp;succeeds, I wonder what other countries with strong local payment processing player&nbsp;will follow suit","text":"If Korea succeeds, I wonder what other countries with strong local payment processing player will follow 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impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.</p>\n<p>South Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.</p>\n<p>The law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.</p>\n<p>Apple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.</p>\n<p>The tech companies charge developers as much as 30% of their sales in in-app transactions.</p>\n<p>\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.</p>\n<p>\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.</p>\n<p>Apple and Google did not immediately respond to requests for comment.</p>\n<p>The KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.</p>\n<p>\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.</p>\n<p>However, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.</p>\n<p>An early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S.Korea lawmaker says Apple, Google not doing enough to comply with app store law</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.Korea lawmaker says Apple, Google not doing enough to comply with app store law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148232836","content_text":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.\nSouth Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.\nSouth Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.\nThe law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.\nApple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.\nThe tech companies charge developers as much as 30% of their sales in in-app transactions.\n\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.\n\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.\nApple and Google did not immediately respond to requests for comment.\nThe KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":871661497,"gmtCreate":1637065481513,"gmtModify":1637065481634,"author":{"id":"3578365762999468","authorId":"3578365762999468","name":"GG21","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578365762999468","authorIdStr":"3578365762999468"},"htmlText":"seriously!!&nbsp;","listText":"seriously!!&nbsp;","text":"seriously!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871661497","repostId":1148232836,"repostType":4,"repost":{"id":"1148232836","kind":"news","pubTimestamp":1637063429,"share":"https://www.laohu8.com/m/news/1148232836?lang=&edition=full","pubTime":"2021-11-16 19:50","market":"us","language":"en","title":"S.Korea lawmaker says Apple, Google not doing enough to comply with app store law","url":"https://stock-news.laohu8.com/highlight/detail?id=1148232836","media":"Reuters","summary":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law","content":"<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.</p>\n<p>South Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.</p>\n<p>South Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.</p>\n<p>The law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.</p>\n<p>Apple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.</p>\n<p>The tech companies charge developers as much as 30% of their sales in in-app transactions.</p>\n<p>\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.</p>\n<p>\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.</p>\n<p>Apple and Google did not immediately respond to requests for comment.</p>\n<p>The KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.</p>\n<p>\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.</p>\n<p>However, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.</p>\n<p>An early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S.Korea lawmaker says Apple, Google not doing enough to comply with app store law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ 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.h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.Korea lawmaker says Apple, Google not doing enough to comply with app store law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148232836","content_text":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.\nSouth Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.\nSouth Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.\nThe law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.\nApple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.\nThe tech companies charge developers as much as 30% of their sales in in-app transactions.\n\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.\n\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.\nApple and Google did not immediately respond to requests for comment.\nThe KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":871680810,"gmtCreate":1637063824245,"gmtModify":1637063824358,"author":{"id":"3579828154600824","authorId":"3579828154600824","name":"peanutnotes","avatar":"https://static.tigerbbs.com/4e1c6726133be944f2ab615053687a76","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579828154600824","authorIdStr":"3579828154600824"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871680810","repostId":1148232836,"repostType":4,"repost":{"id":"1148232836","kind":"news","pubTimestamp":1637063429,"share":"https://www.laohu8.com/m/news/1148232836?lang=&edition=full","pubTime":"2021-11-16 19:50","market":"us","language":"en","title":"S.Korea lawmaker says Apple, Google not doing enough to comply with app store law","url":"https://stock-news.laohu8.com/highlight/detail?id=1148232836","media":"Reuters","summary":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law","content":"<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.</p>\n<p>South Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.</p>\n<p>South Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.</p>\n<p>The law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.</p>\n<p>Apple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.</p>\n<p>The tech companies charge developers as much as 30% of their sales in in-app transactions.</p>\n<p>\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.</p>\n<p>\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.</p>\n<p>Apple and Google did not immediately respond to requests for comment.</p>\n<p>The KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.</p>\n<p>\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.</p>\n<p>However, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.</p>\n<p>An early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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.h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.Korea lawmaker says Apple, Google not doing enough to comply with app store law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148232836","content_text":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.\nSouth Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.\nSouth Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.\nThe law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.\nApple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.\nThe tech companies charge developers as much as 30% of their sales in in-app transactions.\n\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.\n\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.\nApple and Google did not immediately respond to requests for comment.\nThe KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":871680091,"gmtCreate":1637063799100,"gmtModify":1637063799675,"author":{"id":"3578020712938440","authorId":"3578020712938440","name":"Gaik11","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578020712938440","authorIdStr":"3578020712938440"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871680091","repostId":1148232836,"repostType":4,"repost":{"id":"1148232836","kind":"news","pubTimestamp":1637063429,"share":"https://www.laohu8.com/m/news/1148232836?lang=&edition=full","pubTime":"2021-11-16 19:50","market":"us","language":"en","title":"S.Korea lawmaker says Apple, Google not doing enough to comply with app store law","url":"https://stock-news.laohu8.com/highlight/detail?id=1148232836","media":"Reuters","summary":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law","content":"<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.</p>\n<p>South Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.</p>\n<p>South Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.</p>\n<p>The law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.</p>\n<p>Apple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.</p>\n<p>The tech companies charge developers as much as 30% of their sales in in-app transactions.</p>\n<p>\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.</p>\n<p>\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.</p>\n<p>Apple and Google did not immediately respond to requests for comment.</p>\n<p>The KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.</p>\n<p>\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.</p>\n<p>However, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.</p>\n<p>An early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S.Korea lawmaker says Apple, Google not doing enough to comply with app store law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ 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.h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.Korea lawmaker says Apple, Google not doing enough to comply with app store law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148232836","content_text":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.\nSouth Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.\nSouth Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.\nThe law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.\nApple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.\nThe tech companies charge developers as much as 30% of their sales in in-app transactions.\n\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.\n\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.\nApple and Google did not immediately respond to requests for comment.\nThe KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6600479,"gmtCreate":1637063805829,"gmtModify":1637063805860,"authorId":3578020712938440,"author":{"id":3578020712938440,"idStr":"3578020712938440","authorId":3578020712938440,"name":"Gaik11","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":871680091,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":49,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}