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.
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.
SEOUL (ANN/THE KOREA HERALD) – South Korean President Yoon Suk Yeol on Tuesday committed to implementing more rigorous corrective measures and enhanced law enforcement targeting e-commerce entities. The aim is to mitigate their overwhelming influence in the country’s online market, as the president contends that these marketplace operators are engaging in practices that intimidate small […]
President Yoon Suk Yeol on Tuesday pledged stricter corrective measures and law enforcement on e-commerce players to curtail their dominance in South Korea s online market, claiming these marketplace operators were bullying mom-and-pop vendors and undermining consumer choice. This will accompany the Yoon administration s proposal of a new law to restrict business activities of e-commerce companies designated as ".