
A bill from South Korea’s antitrust regulator aimed to govern dominant e-commerce platforms is still pending in the National Assembly due to a tug of war between two government bodies, the Fair Trade Commission (KFTC) and the Korea Communications Commission, reported The Korean Times.
In the meantime, platform operators and local customers have been raising their concerns, viewing the regulatory move as excessive market intervention.
A survey conducted by Korea Startup Forum showed Monday, February 22, that around 61% of respondents were against the government’s new restrictions on companies that operate as e-commerce platforms, particularly those that provide delivery services such as Coupang. Only 26.2% of survey participants said that they support the government’s new regulation.
The bill, drafted by the country’s antitrust watchdog in September last year, aims to prevent unfair trade practices in the e-commerce platform sector.
The KFTC stated the new bill was designed to limit abuses of market power in the e-commerce industry and prevent contract issues that could jeopardize local small and mid-sized enterprises.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Reserve Greenlights Capital One’s $35.3 Billion Acquisition of Discover
Apr 18, 2025 by
CPI
Google to Appeal Partial Ruling in DOJ Antitrust Case
Apr 18, 2025 by
CPI
Indian Ad Agencies Warned Against WhatsApp Discussions After Antitrust Raids
Apr 17, 2025 by
CPI
US Court Ruling Against Google Spurs Fresh Antitrust Tensions in Europe
Apr 17, 2025 by
CPI
AstraZeneca Accused of Stifling Biosimilar Competition for Rare Disease Drug
Apr 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Airline Industry
Apr 10, 2025 by
CPI
Boosting Competition in International Aviation
Apr 10, 2025 by
Jeffrey N. Shane
Reshaping Competition Policy for the U.S. Airline Industry
Apr 10, 2025 by
Diana L. Moss
Algorithmic Collusion in the Skies: The Role of AI in Shaping Airline Competition
Apr 10, 2025 by
Qi Ge, Myongjin Kim & Nicholas Rupp
Competition in U.S. Airline Markets: Major Developments and Economic Insights
Apr 10, 2025 by
Germán Bet