The Korean and the United States antitrust regulators have discussed ways of enhancing bilateral cooperation on antitrust principles to promote economic fair competition, the regulator here said Wednesday.
The Fair Trade Commission (FTC) announced that it will soon convene a teleconference with the U.S. Chamber of Commerce to hear the opinions of American companies regarding Korea s proposed plans to regulate market-dominant online platforms, the commission said, Tuesday.
The nation’s business circle remains dissatisfied with the latest decision by an antitrust watchdog to reconsider legislation of a controversial platform act. They urged the authority to abandon the planned regulation, arguing that it has only increased unnecessary confusion across the industry over the past few months, industry officials said, Thursday.
South Korea's antitrust regulator on Wednesday said it would review its proposed act aimed at regulating monopolistic practices by major online platform players before making a further legislation push, as opposition voices grow. “We’re communicating extensively with the (related) industries here and abroad and stakeholders to legislate the platform act. … Rather than making the bill public sh.
President Yoon pledges to break up e-commerce market monopoly Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.