Apple, Google App Store Models Face New Threat in South Korea
- Parliament set to pass bill requiring more payment options
- American tech giants argue measure would hurt consumers
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South Korea is poised to become the first country to impose curbs on the lucrative app stores run by Apple Inc. and Alphabet Inc.’s Google, setting up a potential showdown with the Biden administration.
President Moon Jae-in’s Democratic Party used its parliamentary supermajority to push out of committee a bill that would ban companies from forcing developers to use their online payment systems. The ruling party’s heft in the National Assembly suggests the Telecommunications Business Act is highly likely to pass Monday when the next full session takes place.