- South Korea could prohibit Alphabet Inc GOOG GOOGL, Google, and Apple Inc AAPL from requiring software developers to use their payment systems Reuters reported.
- If the parliament's legislation and judiciary committee ratify the "Anti-Google law" today, it could mark the end of tech companies' commissions after a final vote on Wednesday.
- Apple defended its commissions during the annual developer conference. The iPhone maker's store growth has also taken a hit.
- The tech companies have faced global flak for their growing dominance, further highlighted by the Epic Games lawsuit.
- If the new bill becomes the law, developers will be able to use other independent payment systems.
- Some European lawmakers are also trying to curb the dominance of U.S. tech companies through the Digital Markets Act.
- Price Action: AAPL shares traded lower by 0.15% at $149.49 in the premarket session on the last check Tuesday.
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