The bill would require dominant smartphone operating system providers to allow the entry of third-party app stores and payment systems to increase competition.
Under the new regulations, providers who fail to comply will be slapped with a penalty worth 20 percent of their domestic revenue related to the violation. The penalty can rise to 30 percent if the malpractice continues.
The new penalty is more than three times the penalty under the existing antimonopoly law, which imposes levies worth 6 percent of revenue gained through anti-competitive practices.
"Smartphones have become the foundation of people's lives and economic activities,"
The bill follows a similar law in the
The Japanese government seeks to align with the bloc in stepping up regulation of Big Tech firms such as Apple,
==Kyodo
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