South Korean MPs on Tuesday(31-Aug-2021)  passed a law banning Apple and Google from forcing app developers to use the tech giants' payment systems, effectively declaring their lucrative App Store and Play Store monopolies illegal.

• The South Korean parliament approved a bill on Tuesday that will ban major app store operators — like Google and Apple — from requiring developers to only use their payment systems to process the sale of digital products and services.
• Those policies usually require developers to pay Google and Apple a commission as high as 30% in every transaction.
• It means that developers will be able to avoid paying commission to Google and Apple by directing users to pay via alternate platforms.