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Comment: South Korean platform giants Kakao and Naver next on antitrust hit list

By Jenny Lee ( September 17, 2021, 08:34 GMT | Comment) -- Kakao and Naver are in the sights of South Korean politicians and regulators who are taking fresh aim at local platform heavyweights because their aggressive business expansion is believed to have harmed small businesses. Moves to control online platforms are gaining steam as authorities attempt to rein in their search for profits in sectors where smaller vendors will struggle to compete. It’s been only a few weeks since South Korea grabbed the world’s attention by stripping Apple and Google of a lucrative revenue stream worth tens of billions of dollars with groundbreaking legislation that bars app store operators from forcing developers to use proprietary payment systems for in-app purchases....

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