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Big Tech regulatory crackdown spreads to Asia and Australia
Japan, South Korea and Australia are tightening rules to rein in the market power of Big Tech groups, posing fresh regulatory challenges for Apple and Google following a similar crackdown in the EU and the US. The cabinet of Japanese prime minister Fumio Kishida recently approved landmark legislation aimed at preventing the largest online platforms ... Read more
The rules — a narrower version of the EU’s sweeping Digital Markets Act — seek to offer more choices for consumers, such as by making it easier to switch between mobile operating systems and allowing users to download apps from other sources. In October last year, the Korea Communications Commission (KCC) said it planned to fine Apple and Google for violations of the law after Korean mobile gaming developers accused them of continuing to levy fees in breach of the new rules. Wi said the picture in South Korea is complicated by the fact that in many online sectors the most dominant players are not the US Big Tech firms, but local platforms including Naver, Kakao and the US-domiciled ecommerce market leader Coupang.
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