A Moment of Decision: Wide-ranging Implications of Korea's Proposed Platform Competition Promotion Act
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.
As Robert D. Atkinson writes for The Korea Times, the PCPA will mean following the path of the European Union, a region with an anemic, also-ran digital industry. Korea should ensure its continuous development as an innovation leader by rejecting the EU model and instead following the light-touch path of the United States into the digital future.
