Antitrust Chief Says Korea's Online Platform Law Does Not 'Target' US Tech Firms

Antitrust chief says Korea's online platform law does not 'target' US tech firms

Fair Trade Commission Chairman Ju Biung-ghi reiterated that Korea’s proposed online platform law does not “target” Coupang or other U.S. tech firms, stressing that Naver and other domestic platform operators will also be subject to the regulation. “Basically, it is an ex-post regulation designed to correct unfair transactions with online platform operators,” he told reporters during a dinner Thursday. “It is not an ex-ante regulation that design…

U.S. House Criticizes Korea’s Online Platform Law

A view of the federal Capitol building located in Washington, D.C. (Reuters) The U.S. House of Representatives has criticized Korea’s Information and Communications Network Act amendment, commonly called the Online Platform Act, stating that it “will discriminate against American technology companies and benefit Chinese competitors.” Following the U.S. government and information technology (IT) industry, Congress has now also identified Korea’s …