Epic Games wants to bring back its “Fortnite” game on to Apple Inc’s (NASDAQ:AAPL) App Store after South Korea enacted a new law.
What Happened: Epic Games, tweeting through the Fortnight Twitter account, said it has asked Apple “to restore our Fortnite developer account.”
“Epic intends to re-release Fortnite on iOS in Korea offering both Epic payment and Apple payment side-by-side in compliance with the new Korean law.”
Why It Matters: Late last month, South Korean lawmakers passed a bill that effectively forbids tech-giants from charging commissions on in-app purchases in the country.
The law also bans companies such as Apple and Google parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) from “unreasonably” delaying approval of apps or deleting them from their marketplaces.
Failure to comply could mean a fine of up to 3% of their South Korean revenue.
Shortly after, the Tim Cook-led company said it would forego its App Store cut on music, video, and other media apps that offer an in-app link that allows subscribers to sign up for the services.
While Apple’s updated in-app payment policy would apply to the offerings from the likes of Netflix Inc (NASDAQ:NFLX) and Spotify Technology S.A. (NYSE:SPOT), these changes do not apply to in-app purchases related to gaming.
Epic CEO Tim Sweeney derided Apple's efforts as insufficient.
Fortnite was taken down from the App Store last year after Epic and Apple entered into a public disagreement over the latter’s in-app payment policies. Epic then proceeded to sue both Apple and Google over the issue.
Price Action: On Thursday, Apple shares closed nearly 0.7% lower at $154.07 in the regular session and rose 0.13% in the after-hours trading.
Read Next: Does Apple Plan To Also Introduce New iPad Alongside iPhone 13 And Apple Watch Series 7 Next Week?
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