Google Korea is persuading Google Inc. to lower its planned 30 percent commission on in-app purchases amid complaints from local software developers over steep commission costs.
Representatives of the South Korean unit of US tech giant Google Inc. told members of the parliamentary committee on science and technology of their plans to lower the commissions rates.
Google will introduce the 30 percent commission in South Korea later this year.
The South Korean government projected that Google's new commission policy would increase in app store costs for South Korean developers by over 150 billion won.
Google's new billing policy faced fierce opposition from local tech groups and politicians.


Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
OpenAI Tightens AI Safety Monitoring After Security Incidents
U.S. Pressures Nations to Choose Sides in AI Race
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits
Shein Targets $26B-$27B Valuation for Hong Kong IPO 



