South Korea's ruling party, KFTC meet on platform bills as trade fears stall monopoly rules

By Jenny Lee ( July 17, 2025, 05:28 GMT | Insight) -- Lawmakers from South Korea's ruling Democratic Party met behind closed doors with the Korea Fair Trade Commission today and agreed to advance the Online Platform Fairness Act, which would cap intermediary fees, bar discriminatory pricing and strengthen vendor protections, while postponing the Online Platform Monopoly Regulation Act amid US trade concerns. The party will seek bipartisan support but is also considering fast-track designation as the bill heads to subcommittee review on July 22.Lawmakers from South Korea’s ruling Democratic Party of Korea met behind closed doors with the country’s antitrust regulator today to push forward legislative plans for regulating online platforms, a key policy pledge by President Lee Jae Myung during his campaign....

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South Korea's ruling party, KFTC meet on platform bills as trade fears stall monopoly rules

Prepare for tomorrow’s regulatory change, today

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