2,000 people participate in signature campaign in one week against enactment of platform law to prevent monopolization by major companies - South Korea

Consumer Watch, an organization that monitors consumer policy, is aware of the Platform Competition Promotion Act (hereinafter referred to as the Platform Law) being enacted by the Korea Fair Trade Commission (hereinafter referred to as the Fair Trade Commission).
In response, it was announced that a signature campaign started calling for this reconsideration had gathered more than 2,000 signatures in one week. Consumer Watch has gathered over 10,000 signatures to launch an online platform.
The idea is to prevent the enactment of the Toform Act. Consumer Watch said that the platform law "restricts the provision of services in a variety of fields, increases consumer inconvenience, and undermines price stability.
"This will reduce the provision of services to reduce the burden on consumers," he said, starting a signature campaign on the 9th. Furthermore, the group said, ``If the Platform Law goes into effect, major overseas platforms
is likely to dominate the Korean market. "Not only will consumers be harmed, but it will also be difficult to prevent, compensate, and respond to the damage."
Prior to this, in December last year, the Fair Trade Commission announced that it would prevent monopolistic platforms from disrupting market order, and that small and medium-sized businesses should
announced that it would promote the enactment of laws to protect consumers. A small number of major platforms with enough power to influence the market become "dominant operators," and they act to give priority to their own companies or to override competing platforms.
It was stated that acts that would prohibit the use of forms would be prohibited.