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Google planning to lower commission rate for in-app purchases in S Korea

Google has announced a plan to newly introduce the 30 percent commission to all in-app digital goods purchases in South Korea later this year

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Google | South Korea | Google news

IANS  |  Seoul 

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Photo: Bloomberg

The South Korean unit of tech giant is considering lowering its planned commission rate for in-app purchases, lawmakers said on Tuesday, amid complaints from local software developers over steep commission costs.

According to lawmakers from the parliamentary committee on science and technology, Korea representatives have told committee members that they were persuading the company headquarters to lower its planned 30 percent commission on in-app purchases.

has announced a plan to newly introduce the 30 percent commission to all in-app digital goods purchases in later this year.

Company representatives did not share further details, lawmakers added.

A recent government projection showed that Google's new commission policy would lead to an increase in app store costs for South Korean developers by more than 150 billion won (US$136 million).

The new billing policy has met fierce opposition from local tech groups and politicians, while some South Korean lawmakers have called on Google to reduce the commission rate, reports Yonhap news agency.

--IANS

na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, February 24 2021. 09:46 IST
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