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Comment: South Korea's incoming administration signals new direction in platform regulation

By Wooyoung Lee ( May 4, 2022, 05:52 GMT | Comment) -- The South Korean competition regulator faces substantial changes in its plan to tighten rules for online platforms under the incoming administration of President-elect Yoon Suk-yeol. The new administration, which kicks off on May 10, believes that direct intervention and oversight by the government won’t solve evolving issues in the platform sector. A recently released list of policy agendas for the new administration signals a dramatic shift for the country’s competition regulator from state-driven intervention to a more flexible approach working with industry to design voluntary self-regulation initiatives.The South Korean competition regulator faces substantial changes in its plan to tighten rules for online platforms under the incoming administration of President-elect Yoon Suk-yeol....

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