![]() Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. None of the blogs or other sources of information is to be considered as constituting a track record. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. “We are planning on running a promotion for users, using Google’s in-app payment, and also for our subscribers in order to make sure we minimize the impact from the in-app payment in the second half of the year,” he said.ĭisclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Namkoong said at that time that they were discussing what steps to take next to counter the changes in Google’s policy. “From the users’ perspective, because of Google’s new in-app payment policy, the digital goods price hurdle has gone up,” the co-CEO said, “As a result, if you look at KakoTalk’s Emoticon Plus subscription service, the number of new users has gone down to one-third of what we had seen over the year.” He said that purchases of KakaoTalk emoji plummeted big time. Whon Namkoong, Kakao’s co-chief executive officer, said that Google’s new policy has a negative effect on the company and admitted that this couldn’t be avoided. The updated guideline forces apps to make use of the American tech firm’s own billing system. Meanwhile, Tech Crunch reported in early August that Kakao’s emoji subscription purchases on KakaoTalk dropped by a third over the year, and the company blamed the new Google in-app policy for this. Moreover, the price of chocos digital tokens that will be purchased within the app to buy emojis to be used on KakaoTalk messenger will have higher price tags now. With Kakao’s new prices for its emojis, it said that the increases are just in line with Apple’s App Store new rates. The highest tier on the App Store is 87, and the price for this will now be KRW1.49 million from the KRW1.19 million original rate. In South Korea, Apple will raise tier 1 to KRW1,500 from KRW1,200 or about $0.83, tier 2 will now be KRW3,000 from 2,500, and so on. This may have been the main driver for the tech firm’s decision to inflate the prices in the App Store, which are charged by tiers. 19 when the iPhone maker revealed it would increase the prices of apps and in-app purchases in some countries, including Japan, South Korea, and other regions that use the euro currency.Īs per Korea Joongang Daily, Apple did not give a reason for the move, but some media stated it was most likely due to the strong dollar. 6, so iOS users can expect to pay more for emojis. ![]() Kakao will start implementing the new prices on Oct. The price hike was announced after Apple said last month that it would increase the price of in-app items in some nations. Kakao is set to raise the prices for its emojis, and this will affect users of iOS operating systems. ![]()
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