Korean startups speak out against platform law

It has been revealed that many startups are opposed to the Platform Fair Competition Promotion Act (Platform Act) promoted by South Korea's Fair Trade Commission. Start up
According to a survey released on the 29th by a private organization called Platform Alliance, more than half of 106 startup representatives and (co-)founders in South Korea said that the Platform Law was a major issue for startups.
They believe it will have a negative impact on the ecosystem. The organization conducted a five-day study session from the 22nd of last month to discuss the impact of the Platform Competition Promotion Act on the startup ecosystem.
According to a survey titled ``A Survey on Platform Startups'', 54.4% of respondents had a negative perception of platform startups. The bill will support the startup ecosystem.
Only 14.1% of respondents answered that it has an impact on their business. The Japan Fair Trade Commission has stated that the Platform Act will prevent small and medium-sized platforms and startups from becoming market-dominant platforms.
It claims to protect the environment and develop the industrial ecosystem. However, the perception in the industry is very different. Asking about the specific impact of platform laws on the startup ecosystem
In one question, he said, ``If unprofitable startups are regulated because of their large transaction size or large number of users, the growth engine that has been following a J-curve will decline.''
The most common answer was 50.9%. Next, ``While domestic platform companies are being regulated, global platform companies such as Google and Netflix are increasing their domestic influence.
``Grow bigger'' (45.3%) and ``The standards to which the regulations apply are wide-ranging, so it is not clear what kind of startups will be subject to the regulations, and we must always prepare for regulatory risks.''
There were also responses such as ``Not at all'' (39.6%) and ``It will be difficult for startups to exit (recover investment) or receive investment through platform companies'' (32.1%).
. Meanwhile, the organization will hold a discussion titled ``Platform Regulation Bill and the Future of the Digital Economy'' at the Startup Alliance N Space in collaboration with the Digital Economy Forum on the 31st.
is scheduled to be held.