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Korea’s digital transformation is at an inflection point. The Korean Fair Trade Commission’s (KFTC) proposal to enact the Platform Competition Promotion Act (PCPA), modeled on the European Union’s Digital Markets Act (DMA), risks radically reshaping the nation’s framework for regulating and promoting its emerging digital markets.
Posted : 2021-02-18 18:30 By Robert D. Atkinson While U.S. President Joe Biden has only been in office about two months, there are already signs that suggest how his administration's priorities could affect South Korea. The most important thing to understand is that U.S. policy will not return to the status quo that existed before President Donald Trump. Since the Cold War, U.S. trade policy was largely crafted to achieve broad foreign policy goals, even at the cost of U.S. economic competitiveness. For decades, the most important priorities were to assure global security and to constrain t...