Apple has told South Korean authorities that it will provide an alternative payment system to App Store developers as part of compliance with local laws. Apple refrained from saying when the new system will be available in documentation provided to the Korea Communications Commission.
According to a report by The Korean Herald, the plans include a surcharge below the current 30% cut that Apple takes on App Store transactions. However, it’s unclear exactly what the new cut will be or how it will work.
Apple said it plans to provide an alternative payment system at reduced service fees from the current 30% fee, as the tech giant submitted its compliance plans to the Korea Communications Commission (KCC ).
“We look forward to working with the KCC and our developer community on a solution that benefits our Korean users,” Apple said in a statement to local news, adding that it “has great respect for Korean laws and a a strong history of working with the country’s talented app developers Our work will always be guided by ensuring that the App Store remains a safe and trusted place for our users to download the apps they love.
The KCC previously told Apple it would face a fine if it continued to block third-party payment options from being offered through the App Store.