<h1 class="ql-align-center">Telecommunications Business Act</h1> <h2>Context:</h2> <ul><li>The Korea Communications Commission announced on Sept. 14 that the new Telecommunications Business Act is now effective.</li></ul> <h2>About:</h2> <ul><li>Telecommunications Business Act nicknamed as 'Anti - Google Law'</li></ul> <ul><li>With this, South Korea became the first jurisdiction to legally ban the monopolies that Apple and Google hold overpayments on in-app purchases</li></ul> <ul><li>It aims of preventing app store operators, such as Google and Apple, from forcing app developers to use their in-store payment systems, for which they charge exorbitantly.</li></ul> <ul><li class="ql-indent-1">Google’s Play Store and Apple’s App Store&nbsp;strictly regulate how apps in their environment charge money from their users</li></ul> <ul><li class="ql-indent-1">Google and Apple charged a 30% commission on all purchases</li></ul> <ul><li>The new law is also a check on the unfair use of market position</li></ul>