WASHINGTON, Jan. 29 (Yonhap) – The U.S. Chamber of Commerce expressed concerns Monday over South Korea’s proposed regulations aimed at preventing unfair market activities by major online platform businesses.
Charles Freeman, senior vice president for Asia at the U.S. Chamber, issued a statement opposing Seoul’s push for the rules designed to step up oversight over market-dominant players to ensure fair competition.
Industry watchers forecast that major platform operators, including Naver, Kakao, Google and Apple could be subject to the rules should they be enacted.
Fun fact: the US Chamber of Commerce is not a government agency. It’s just a private (nonprofit) business that loves to be confused with one.
More specifically, it’s a lobbying group.
Officially non-profit but in reality wholly dedicated to maximizing the profits of hectomillionaires, billionaires and their corporations.