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South Korea's major platforms call for halt on online platform bills

( May 17, 2023, 03:31 GMT | Official Statement) -- MLex Summary: Large platforms in South Korea, including Naver, Kakao and Coupang, have urged the country’s government and parliament to halt discussion on enacting online platform bills. In a statement, the Korea Internet Corporations Association, which represents many of the major platforms, argued that South Korea should consider the global trend of reevaluating Big Tech regulations to protect their own platforms, rather than pushing forward with the 17 pending platform regulation bills. The group said that South Korean platforms are vulnerable to competition from global Big Tech and the existing competition law can sufficiently regulate market dominance abuse and unfair trade practices by platforms.The statement, in Korean, is attached. ...

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