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Taming tech serves Seoul’s political and policy aims

Wednesday, October 20, 2021

Significance

Most notably, on August 31 the National Assembly (NA), which Moon’s Democrats (DP) control, revised the Telecommunications Business Act (TBA). Known locally as the ‘Anti-Google law’ but also affecting Apple, the revised TBA bans both companies from forcing third-party developers to use their own in-app billing systems and also from charging commissions thereon, among other restrictions.

Impacts

  • As a major exporter and industrial power keen to nurture high-tech, South Korea cannot push large corporates too far.
  • South Korean policy action could influence similar regulations in other markets.
  • Seoul’s tech ties with Beijing will become problematic as US-China tensions grow.
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