4.9 • 9 Ratings
🗓️ 27 April 2023
⏱️ 14 minutes
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0:00.0 | Hello, welcome back to Emlex's podcast covering the top stories in regulatory affairs with the assistance of our team of reporters around the globe. |
0:19.1 | My name is James Panicki, MlexMex Asia Senior Editor, and I'm coming |
0:23.1 | to you today from the LexisNexis offices in Melbourne, Australia. It's great to have your company. |
0:29.1 | Now, as our readers know only too well, South Korea has been at the forefront of digital |
0:34.7 | platform regulation for many years now, And the country's antitrust |
0:38.6 | watchdog, the Korea Fair Trade Commission, or KFTC, has been central to this equation, |
0:44.6 | with its often muscular enforcement of local competition laws. But for the past year, |
0:50.2 | South Korea has been trying something new and arguably less combative. |
0:55.2 | Self-regulation has been put forward as an alternative to platform-specific legislation. |
1:00.6 | That is, the requirement that the powerful platforms, both international and home-grown, |
1:05.9 | create their own rules and standards. |
1:08.9 | But is it working? |
1:10.5 | And does this mean that the KFTC has taken its foot |
1:13.4 | off the enforcement pedal? Well, Mlex's South Korea reporters spent some time with Hankegee John, |
1:19.9 | who has been the country's antitrust chief since last September, and they put some of those |
1:24.9 | questions to him. It was a wide-ranging conversation which also took |
1:29.0 | in the issue of unfair trade practices in the creative content industry and the KFTC's relationship |
1:35.0 | with the country's prosecutors. There's even something in it for fans of K-pop and it has all |
1:41.2 | come together very nicely indeed in a special report which is ready for you to download right now. |
1:47.4 | The two M-X reporters who wrote that special report are Wuyong Li and Jenny Lee, |
1:52.4 | who I am pleased to say are with us now from our offices in Seoul. |
1:57.4 | Jenny, starting with you, if I may, on the issue of digital platforms. |
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