In August, Patently Apple posted a report titled "South Korea becomes the First Country to Pass a Law to breakup the Apple-Google Duopoly regarding Mobile Payments." It's now being reported that Apple will allow alternative payment systems in South Korea in compliance with a new local law that bans app store operators from forcing their own in-app payment systems, the country's telecommunications regulator said Tuesday.

The Korea Herald reports that "The move came as a new law went into effect in the country in September last year, restricting app store operators, such as Google and Apple, from forcing their in-app payment systems on developers.

In November, Google pledged to provide an alternative payment system on its app store in South Korea at a slightly reduced service charge in an apparent move to abide by the country's new law.

Apple said it plans to provide an alternative payment system at a reduced service charge compared with the current 30 percent charge, as the tech giant turned in its compliance plans to the Korea Communications Commission (KCC).

The company did not provide the exact date of when the policy will take effect or the service fee to be applied but said it plans to discuss with the KCC on further details."

Apple said in a statement: "We look forward to working with the KCC and our developer community on a solution that benefits our Korean users."