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

South Korea's proposed Online Platform Fairness Act could result in a $525 billion economic loss for U.S. states over the next decade, according to a Competere Foundation model. The legislation, backed by President Lee Jae-myung, faces criticism from U.S. lawmakers who allege it unfairly targets American companies and aligns South Korea with China.