Global technology giant Apple is planning to include third-party payment options on its App Store in South Korea, reported Reuters.

The country’s telecommunications regulator said that the company submitted an application to allow third-party payments systems on its App Store.

The move will enable Apple to comply with the South Korean law that prevents prominent app store operators from enforcing their payment system to software developers.

Apple and Google were requested by the KCC to submit their compliance plans after this law came into effect in September last year.

In November last year, Google revealed its plans to introduce alternative payment systems in South Korea to comply with the amended Telecommunication Business Act.

Apple said in a statement to the new agency: “We look forward to working with the KCC and our developer community on a solution that benefits our Korean users.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company did not reveal when it plans to introduce the new payment systems or details regarding the commission fee.

According to the KCC, Apple intends to let alternative payment systems for a lower service fee compared with 30% commission fee it currently charges.

The company is expected to discuss more details with the regulator in the coming days.

The iPhone maker has found itself under the regulator’s lens several times for forcing app developers to use its own payment system.

Last month, the Netherlands Authority for Consumers and Markets (ACM) asked Apple to change to its in-app purchases payments rules for dating apps.

The Dutch competition authority, which called Apple’s conditions ‘unreasonable’, warned that the firm will face a fine of up to $56.6m if it fails to adhere to the directive.

In November last year, a report by Reuters said that Apple expressed its objection to letting developers to link to other payment options on the app store for iPhone and iPad users.