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Telecommunications & Media

Film holdback talks near conclusion as sides clash over period

South Korea\'s government and the film industry are expected to wrap up discussions on movie holdbacks this month and sign a voluntary agreement. The joint public-private body has been discussing distribution reforms and coexistence measures among cinemas, OTT and other platforms. Separately, lawmakers are considering legislation to mandate a six-month holdback after theatrical runs. Consumer groups oppose a uniform period and say their views are not represented in the talks.

Games & Commerce

Google cuts Google Play fees in South Korea to as low as 10 percent, expands in-app and external payments

Google will expand payment options for Google Play developers in South Korea and cut service fees to as low as 10 percent. Developers can offer alternative payment systems or link users to external websites, subject to Google safety requirements. A 10 percent fee applies to the first $1 million of annual revenue generated on Google Play and to auto-renewing subscriptions. The changes take effect in South Korea on Dec. 31.

Crypto

Regulators watch securities firms’ digital asset ties as platform integration spreads

South Korea’s financial authorities are stepping up checks on the “separation of finance and virtual assets” principle as ties between securities firms and digital asset exchanges broaden from equity investments to service partnerships and acquisitions. The Korea Financial Investment Association sent guidance to brokerages at the request of the Financial Supervisory Service, warning services could be limited if they violate the principle or amount to outsourcing. Deal structures, platform links and customer data use remain key areas without clear detailed criteria.