Anti-Google Law.
South Korea's National Assembly has approved a landmark law changing the way platform companies operate their app stores.
Nicknamed the "Anti-Google Law", it has resonance beyond the country's borders and is one of a kind right now.
What is Anti-Google Law ?
South Korea's assembly passed an amendment to the country's Telecommunications Business Act, which stops firms like Google, Apple from forcing developers to use their built in payment systems for selling subscriptions and other digital items through Play Store and App Store.
It also prevents app marketers from unfairly delaying the review of mobile content or deleting such content from their markets.
Google and Apple charge developers a fee for selling in app items like subscriptions, through app stores.
Many developers, including billion dollar startups, have approached governments to intervene and stop this practice.
Recent documents unearthed as a part of an antitrust lawsuit accusing Google of abusing monopoly power in the US alleged that, The company Netflix "significantly reduced share" in order to keep the company from using alternative payment system.
What Google and Apple say?
Google argues that it costs the technology giant money to maintain the Android operating system and Play Store.
Apple says the law would put risk of fraud and "undermine their privacy protections".
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