South Korea Tightens Platform Regulation After Breach
On Feb. 22, South Korea government and lawmakers accelerate regulatory scrutiny of online platforms following a Coupang personal data breach, citing a Startup Alliance report released Saturday. Lawmakers are reviewing amendments to the Personal Information Protection Act, the Online Platform Fairness Act, and tougher fair trade, labor and tax rules, which could increase fines and compliance obligations. Experts warn these changes may disproportionately raise costs and slow growth for startups.
Scoring Rationale
National regulatory momentum scores high for industry impact, limited by single-source reporting and uncertain legislative outcomes.
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