"South Korea and the United States are showing signs of entering another trade dispute over the former’s renewed attempts to regulate monopolistic online platforms.
Amid growing calls in Korea to legislate an online platform law
A delay in Thursday’s closed-door meeting of the Korea-U.S. Free Trade Agreement Joint Committee has also been attributed to Washington’s complaints about Seoul’s pursuit of digital proposals that the Donald Trump administration views as discriminatory.
The Office of the U.S. Trade Representative, which takes part in the committee, has already warned of “responsive measures” against laws similar to the European Union’s Digital Markets Act, denouncing the legislation as “discriminatory.”
“The United States will take a similar approach to other countries that pursue an EU-style strategy in this area,” the office wrote on social media.
In response to the concerns, Seoul has emphasized that it will comply with the Korea-U.S. joint fact sheet, which includes Korea’s commitment to ensuring that U.S. companies are not discriminated against and do not face unnecessary obstacles in laws and policies concerning digital services, network usage fees and online platform regulations.
Before signing the fact sheet, Korea had suspended its pursuit of online platform regulations amid strong opposition from the U.S." KoreaTimes
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