Immediate push for online platform law unlikely, FTC chairman nominee says

Immediate push for online platform law unlikely, FTC chairman nominee says

The Fair Trade Commission (KFTC) cannot immediately regulate market-dominant global platform firms through new legislation, as the issue is closely linked to Korea’s ongoing trade negotiation with the United States, the watchdog’s nominee for chairman said Friday. “As the trade negotiations are too important to ignore, we cannot boldly push ahead with the so-called Online Platform Act,” Ju Biung-ghi told lawmakers during a confirmation hearing a…