Apple (AAPL) has budged to regulatory pressure in South Korea. Reuters reports that the tech giant has submitted plans that could pave the way for it to allow third-party payment systems in its App Store. Apple is a U.S. company that designs, manufactures, and sells an array of devices, including smartphones, tablets, wearables, and personal computers. It also operates a service segment comprised of AppleCare, cloud services, and the App Store. The App Store According to Reuters, Apple plans to allow alternative payment systems for a much lower service fee. Currently, the company takes as much as 30% in commissions.
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