Seems like common sense…

South Korea passes bill limiting Apple, Google control over app payments https://t.co/PgjF1xu0gv

— Ryan Grim (@ryangrim) August 31, 2021

hello South Korea https://t.co/tEUuk4WaHa

— Edward Ongweso Jr (@bigblackjacobin) August 31, 2021

I summarized my fear to Techcrunch. https://t.co/OQF53UisxD

Today, South Korea did it. https://t.co/DqQghWGaAw

? Please Apple, I’m begging you, please change things *yourself* before governments do and screw all of us. pic.twitter.com/H7RsG3gPEj

— Ryan Jones (@rjonesy) August 31, 2021

S. Korea is the payment trend setter - opening up new payment options on app stores will eventually lead to more competition, both for banks & CC companies, but might lead to more crypto adoption https://t.co/14uNL00LWK

— Ma/ya Zehavi (@mayazi) August 31, 2021

South Korea forces Google and Apple to let developers use alt. payment systems.

This economic policy was inevitable and makes sense.

After all, browsers considered building payment gateways. Imagine if Chrome/Safari took 15-30% of e-commerce purchases. https://t.co/zcqxPNDRch

— Dina Srinivasan (@DinaSrinivasan) August 31, 2021

I think these kinds of laws are bad. The fact that they are getting passed is why Apple/Google/others should cut their fees early to avoid this nonsense https://t.co/mqpNoX1sCf

— Christina Warren (@film_girl) August 31, 2021

The South Korean legislature has passed a bill mandating Google & Apple allow apps use alternative payment systems instead of being forced to use theirs and take a 30% cut.

The penalty is 3% of SK revenues if they don’t. I imagine Apple may just say no.https://t.co/l6XFrxngdT

— Dare Obasanjo (@Carnage4Life) August 31, 2021

If there were viable competing app stores on either platform, I could see a case for not cheering this decision in Korea. But since there are not, I will just say: hooray! https://t.co/70bosN7N9h

— Dieter Bohn (@backlon) August 31, 2021

So every developer in South Korea not using Apple or Google’s payment systems will just get a bill for 15-30% at the end of every month, and it’ll end up being slightly more work and cost?

(Oh, you thought rev share was tied to transactions in execs’ minds?) https://t.co/5dxBPFpkQc

— Rene Ritchie (@reneritchie) August 31, 2021

Korea is first in open platforms!

Korea has rejected digital commerce monopolies and recognized open platforms as a right.

This marks a major milestone in the 45-year history of personal computing. It began in Cupertino, but the forefront today is in Seoul. https://t.co/Jd6Xfnef9o

— Tim Sweeney (@TimSweeneyEpic) August 31, 2021

Even South Korea thinks about stopping Monopoly/Duopoly but our @CimGOI of India is still contemplating in implementing Ecoms Policy, which is desperately awaited by millions of businesses to safeguard them from Ecoms Giants @CAITIndia @AIOVA3 @AimraIndia @AIOCD1 @NRAI_India

— Deepak Khemani (@Deepakkhemani8) August 31, 2021

This is a key milestone for the mobile internet age!
India should also give freedom to millions of young startups, do business using their preferred payment systems. ? https://t.co/4yevyvIps9

— Vijay Shekhar Sharma (@vijayshekhar) August 31, 2021

Breaking monopolies and race to bottom begins.. massive unlocking of value coming soon .. https://t.co/eiLlhiPs59

— Vikas Malpani?? (@vikasmalpani) August 30, 2021

Once again, consumer-friendly regulation of Silicon Valley comes only from outside the US—where, by total coincidence, these huge corporations have less cash to funnel into lobbying and donating to politicians. https://t.co/3eYTvuo68e

— Ted Gioia (@tedgioia) August 31, 2021

Google and Apple will have to open their app stores to alternative payment systems in South Korea.

Failing to comply could lead to companies facing a fine of up to 3% of their South Korea revenue https://t.co/aN7VmetWUq

— Vikas SN (@tsuvik) August 31, 2021

Looks like the dam is finally breaking. While arguably not the biggest deal, the fact this bill was passed at *all* will serve as a catalyst for more nations to pass equivalent bills — including the U.S.’ Open App Markets Act https://t.co/pNM1Bfj1A4

— Riles ?‍♂️ (@rileytestut) August 31, 2021

Oh how I'd love for an under oath Apple executive to testify as to how purchasing digital goods from "other sources" comes with more risk of fraud than the rides, services and physical goods iOS customers have purchased from other sources for years.https://t.co/7mUntHtUsh pic.twitter.com/BOhMrBgQVP

— Chris Lacy (@chrismlacy) August 31, 2021