South Korea delays landmark vote on App Store in-app paymentsWhat you need to know
South Korea has delayed a vote on the Telecommunications Business Act.
The law is expected to pass due to the "ruling party's super-majority."
If passed, Apple would need to allow third-party payment processing in the App Store.
Apple's control over payments in the App Store hangs in the balance.
South Korea has delayed the parliamentary vote on what could be the biggest hit to the App Store and Google Play Store since their invention.
The Telecommunications Business Act, which was approved by a committee last week, would end Apple and Google's ability to force developers to use its own in-app payment processing systems. The legislation would require both companies to allow developers to offer payment providers of their own choice, putting at stake the upwards of 30% fees the companies currently charge in their respective app stores.
As reported by Bloomberg, the vote was delayed by other legislation and will be rescheduled for a future session.
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South Korea delays landmark vote on App Store in-app payments
