Following in the footsteps of those who seek to curb the power of “Big Tech” globally, the Republic of Korea (ROK) is poised to adopt strict regulations on select technology companies. ROK President Yoon Suk Yeol announced last week his support for new measures that aim to curtail the activities of technology companies designated as “dominant platform business entities.” These measures, which are expected to be considered by the National Assembly in the coming days as part of a new bill proposed to respond to unfair online market practices, appear to be Korea’s own version of the European Union’s Digital Market Act (DMA), which purports to go after so-called Big Tech “gatekeepers.”
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