U.S. business community opposes unveiling South Korean platform law ahead of Trump's inauguration

The U.S. Chamber of Commerce has again publicly expressed its opposition to online platform monopoly regulations pushed by the South Korean government and Congress.

"If a bill proposed by the Korea Fair Trade Commission in cooperation with members of the People's Power is passed, it will target certain companies, excluding other competitors based in third countries, including South Korea and China," the U.S. chamber said in a statement named Charles Freeman, vice chairman of Asia affairs.

Earlier in January, the U.S. Chamber of Commerce also voiced opposition to the "Platform Fair Competition Promotion Act" (Platform Act) promoted by the South Korean government.

The U.S. chamber has argued that the legislation would regulate U.S. companies such as Apple, Google, Amazon and Meta without touching Chinese companies.

Political circles in Washington say the Trump administration, which will be launched in January next year, will oppose the South Korean government's attempts to regulate U.S. platform companies.

Robert O'Brien, a close aide to Trump, has publicly opposed the platform law on behalf of U.S. companies, while Alex Wong, who was named the White House's chief deputy national security adviser, served as an executive at Coupang's Washington, D.C., office, which was mentioned as a target for regulating the platform law.