Ministry of Science and ICT Discusses Institutionalizing 'Digital Platform Self-Regulatory Organization' with Industry and Experts

[Asia Economy Reporter Lim Hye-sun] The Ministry of Science and ICT will discuss the legalization of digital platform self-regulatory organizations with industry and experts.

The Ministry of Science and ICT announced that on the 27th, it held the inaugural meeting of the "Digital Platform Self-Regulatory Organization Legal System Task Force (TF)" at the Kyobo Building conference room in Jongno-gu, Seoul, with industry, experts, and related ministries to discuss legal system matters related to digital platform self-regulatory organizations. This is a follow-up measure according to the "Inter-Ministerial Platform Policy Council." The Inter-Ministerial Platform Policy Council was formed to prepare self-regulation measures jointly by related ministries under the government's private sector-led growth policy.

The TF consists of 13 platform operators including Naver, Kakao, Coupang, Woowa Brothers, 11st, Gmarket, Musinsa, Google Korea, and Meta, as well as 7 academics and 3 experts.

The Ministry of Science and ICT plans to draft a revision of the Telecommunications Business Act through the Legal System TF, and then finalize the amendment by the end of this year through the Inter-Ministerial Platform Policy Council and related ministries.

Hong Jin-bae, Director of the Network Policy Office at the Ministry of Science and ICT, said, "It is necessary to actively start discussions on the composition and operation of platform self-regulatory organizations to alleviate public concerns about the side effects of digital platforms while supporting platform innovation and growth," adding, "We will actively reflect the opinions of industry, experts, and related ministries."

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