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Comment: South Korean competition watchdog shifts gears on platform regulation, but questions linger

By Jenny Lee ( September 10, 2024, 09:30 GMT | Comment) -- South Korea's antitrust watchdog has abandoned plans for new platform-specific legislation, opting instead to amend existing competition law with an "ex-post presumption" approach. The shift aims to address industry pushback, but critics argue it differs little in practice from the original pre-designation system and may hinder swift enforcement. As the Korea Fair Trade Commission moves to draft amendments, questions linger about the effectiveness of the new strategy in curbing market power abuse by dominant platforms.South Korea's antitrust watchdog has rewritten its playbook for reining in tech giants. The Korea Fair Trade Commission, or KFTC, after months of silence, has shelved its plans for sweeping new platform legislation, instead opting to revise existing competition law....

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