Fair Trade Act Amendments Would Create Flaws

Lazar Radic October 13, 2024

Korea Times View Original Source

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South Korea recently abandoned plans for the Platform Competition Promotion Act (PCPA), legislation inspired by the European Union’s landmark Digital Markets Act (DMA), which aimed to establish strict competition rules for digital platforms such as Google, Apple, Amazon, and Meta. Instead, the Korea Fair Trade Commission (KFTC) and President Yoon Suk Yeol’s government have expressed support for amendments to the existing Fair Trade Act.

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