South Korea's proposed platform law could cost U.S. states $525B over the next decade, model estimates

A new model shows devastating economic losses for U.S. companies if South Korea adopts controversial legislation that would regulate transactions with some American firms as lawmakers warn that the country’s leadership is now "closely aligned with China."

The Online Platform Fairness Act, which is spearheaded by the Korea Fair Trade Commission (KFTC), has gained steam in in the Asian nation and is backed by far-left South Korean President Lee Jae-myung. A Competere Foundation model estimates...