According to Sina Finance, the Legislative and Judicial Committee of the South Korean Parliament is expected to approve a bill called "Anti-Alphabet Inc-CL C" on Tuesday.The amendment to the Telecommunication Commerce Law of the Law prohibits Alphabet Inc-CL C and Apple IncAnd other App store operators take advantage of their monopoly position to take a commission from the developers'in-app purchase income. This will be the first time a major economy has imposed such restrictions.
Alphabet Inc-CL C's Play app store generated nearly 6 trillion won ($5.29 billion) in revenue in South Korea in 2019, according to a government report released last year. Earlier this year, Alphabet Inc-CL C said it would reduce the proportion of commission on the first $1 million earned by developers through its Alphabet Inc-CL C Play app store from 30 per cent to 15 per cent. Apple Inc has taken similar measures.