Korea has a vibrant tech sector, and a potent App Economy, led by companies such as Samsung, Naver, and Kakao. Korea is also a staunch ally of the U.S.
That’s why it’s particularly disturbing that the Korea Fair Trade Commission (KFTC) is working with Korean lawmakers on legislation that would impact particular U.S. tech companies. This action would make it more difficult for these companies to compete on fair terms with their Korean and Chinese rivals.
PPI believes in free trade, a principle that will come under pressure in the coming months. But we must remember that free trade implies fairness as well.
