[비즈니스포스트] Venture capital representatives voiced criticism of the Fair Trade Commission’s move to enact the ‘Platform Fair Competition Promotion Act’.
On the 21st, Lee Jun-pyo, CEO of Softbank Ventures, said on his social networking service (SNS), “If the Platform Fair Competition Promotion Act, which is currently being promoted, is introduced, the competitiveness of Korea’s IT industry and startup ecosystem will decline overall, and it will actually have a negative effect on foreign platform companies.” “I am very concerned that it will ultimately lead to national loss,” he said.
▲ Lee Jun-pyo, CEO of Softbank Ventures.
He explained that once the Platform Fair Competition Promotion Act is enacted, investments will not be made beyond the sales cutoff set by the Fair Trade Commission.
Recently, the Fair Trade Commission defines platforms with sales and users above a certain level, such as Naver and Kakao, as ‘dominant platform operators’ and is pushing for the enactment of the ‘Platform Fair Competition Promotion Act’ to block abusive practices such as preferential treatment and multi-homing restrictions. .
The Fair Trade Commission decided to initiate prior regulation, believing that existing post-regulation alone could not prevent abuse of power by platforms.
Chairman Ki-jeong Han of the Fair Trade Commission said on the 19th, “The monopoly of the platform market has led to increases in commissions and consumer prices, which has become one of the reasons for increasing the burden on people’s livelihoods.” “There are limits to restoring market competition,” he said.
On this day, Chairman Han announced that he would prepare and propose a Platform Act at the Cabinet meeting presided over by President Yoon Seok-yeol, so it appears that the enactment of the law will accelerate.
However, even if the law is enacted, there is criticism that because only domestic companies are subject to sanctions, abuse of power will not stop and only foreign companies will benefit.
Kim Han-joon, CEO of Altos Ventures, posted on social media on the 21st, “When the government enacted a law to sanction video platforms in the past, illegal videos did not disappear and Pandora TV, a Korean company, collapsed, helping YouTube, a foreign company. “It’s done,” he said, adding, “I don’t know the exact details of the new On-Play Act, but it is expected that only domestic companies will be applied this time.” Reporter Cho Choong-hee
2023-12-21 08:08:08
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