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New legislative package in South Korea aims to address concerns over monopolistic practices by online platforms

By Jenny Lee ( July 12, 2024, 08:54 GMT | Insight) -- Since the start of the new parliamentary session, South Korea has seen a surge in legislative proposals aimed at reining in the power of platform giants. At the forefront of this regulatory push is a comprehensive package of two bills introduced by Kim Nam-geun of the main opposition Democratic Party of Korea, with the backing of 43 party colleagues. The bills represent the most robust attempt yet to address growing concerns over monopolistic practices by major players and enhance the fairness and transparency in their operations.Since the start of the new parliamentary session, South Korea has seen a surge in legislative proposals aimed at reining in the power of platform giants. At the forefront of this regulatory push is a comprehensive package of two bills recently introduced by Kim Nam-geun, a lawmaker from the main opposition Democratic Party of Korea, with the backing of 43 party colleagues....

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