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KFTC report to outline measures on AI market consolidation, data practices

By Jenny Lee ( November 27, 2024, 03:21 GMT | Insight) -- South Korea's competition regulator will soon unveil a policy report examining competition and consumer issues in the artificial intelligence industry, with particular scrutiny on the fast-growing generative AI sector where data accumulation and market consolidation could pose risks to fair competition, the agency's chief said today. The report, to be published in December by the Korea Fair Trade Commission will lay out countermeasures against market consolidation through mergers and corporate tie-ups, potential consumer harm arising from data collection and usage practices and other competitive risks posed by companies scaling up their AI businesses.South Korea's competition regulator will soon unveil a policy report examining competition and consumer issues in the artificial intelligence industry, with particular scrutiny on the fast-growing generative AI sector where data accumulation and market consolidation could pose risks to fair competition, the agency's chief said today....

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