Overview

• The Fair Trade Commission confirmed delivery of its formal written response to a July letter from the US House Judiciary Committee seeking details on the proposed Online Platform Act.
• The legislation is still under National Assembly review, with the antitrust regulator pledging to gather extensive stakeholder feedback before moving forward.
• Seoul is exploring a two-part approach that separates measures targeting market dominance from a new “fairness law” designed to protect small merchants.
• Lawmakers expect to delay debate on monopoly regulation provisions until after the scheduled Korea-US summit later this month.
• US negotiators flagged the platform rules and an ongoing ban on American beef from older cattle as non-tariff barriers during recent trade talks.