TOTM
Lessons from Korea’s Roller-Coaster Ride Toward Platform (Non)Regulation
Truth on the Market
View Original Source
The Korea Fair Trade Commission (KFTC), the nation’s competition authority, announced Sept. 9 that it had abandoned plans for comprehensive platform regulation modeled after the European Union’s Digital Markets Act (DMA) or Section 19a of Germany’s Competition Act. The proposed Korean regulation would have involved an ex-ante designation process, alongside stringent prohibitions. The KFTC noted that it would instead pursue amendments to Korea’s competition law, the Monopoly Regulation and Fair Trade Act (MRFTA), to better address platform-related issues within the traditional competition-law framework.