[Featured Stocks] Naver and Kakao Surge on Expectations of Regulatory Changes in the 'Online Platform Act'

[Asia Economy Reporter Hwang Yoon-joo] As Yoon Seok-yeol, the presidential candidate of the People Power Party, was elected on the 10th, Naver and Kakao stocks are soaring. This is interpreted as reflecting expectations that regulations on platform companies will be eased.

As of 9:38 a.m. on the same day, Naver was trading at 331,500 KRW, up 8.87% from the previous trading day. Kakao was also trading at 98,300 KRW, up 6.73%.

President-elect Yoon announced the establishment of a "Digital Platform Government" within three years of his term as a key pledge. Accordingly, the "Online Platform Fairness Act" promoted by the Moon Jae-in administration is likely to be reconsidered. The "Online Platform Fairness Act" aims to create an environment where platforms and tenant companies grow together, including a provision that mandates the issuance of contracts to tenant companies.

This is interpreted as reflecting expectations that regulatory policies targeting platform companies may change with the launch of the next government.

This content was produced with the assistance of AI translation services.