The National Assembly of South Korea will summon the chiefs of Google and Netflix’s Korean operations to serve to testify about their business practices at the upcoming audits scheduled for October.
Google Korea's Nancy Mable Walker will be asked to testify at the Science, ICT, Broadcasting, and Communications Committee’s first audit on Oct. 7.
Google Korea is thinking of expanding the payment policy for its in-app purchases and increase its 30 percent commission fee.
The policy currently applies only to game apps but may affect other content apps such as those for webcomics, music streaming services, and e-books.
NCSoft COO Jung Jin-soo and One Store CEO Lee Jae-hwan are set to testify on the implications of Google Korea’s change of policy at the Korea Communications Commission’s Oct. 8 audit.
According to the Ministry of Science and ICT, Google Play's revenue accounted for 63.4 percent of the Korean app market.
Reginald Shawn Thompson of Netflix Services Korea was also asked to appear as a witness.
The Telecommunications Business Act is being revised to require foreign platform operators to share the costs of ensuring stable services, which have been solely borne by telecommunications firms.
Netflix had been enjoying a free ride on local networks,
The head of SK Telecom’s mobile network operator business, Yoo Young-sang, the head of KT’s customer business, Kang Kook-hyun, and LG Uplus President Hwan Hyun-sik were also asked to testify.


Anta Sports Expands Global Footprint With Strategic Puma Stake
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Washington Post Publisher Will Lewis Steps Down After Layoffs
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 



