Kim Byunghwan, Deputy Minister of Economy and Finance, "Conducting a Comprehensive Survey on Platforms to Reflect in Self-Regulation Policies"

3rd Pan-Government Platform Policy Council and Platform Companies Meeting

The Pan-Government Platform Policy Council and Corporate Meeting was held on the 29th at the Korea Chamber of Commerce and Industry. Kim Byunghwan, Vice Minister of the Ministry of Economy and Finance, and attendees are taking a commemorative photo. Photo by Heo Younghan younghan@

Kim Byunghwan, First Vice Minister of the Ministry of Economy and Finance, stated, "We will conduct a comprehensive survey on cross-ministerial integrated platforms and utilize the results for establishing platform-related policies and promoting future self-regulation."

On the 29th, Vice Minister Kim presided over the 3rd Cross-Ministerial Platform Policy Council and Platform Companies Meeting at the Korea Chamber of Commerce and Industry to discuss the achievements of promoting platform self-regulation and future plans.

Vice Minister Kim said, "The government has selected private-led platform self-regulation as a national agenda to actively promote the creation of an innovative and fair platform ecosystem. Since August last year, we have been operating a platform self-regulation and win-win development promotion organization to develop self-regulation measures in various fields."

For example, delivery and open market platform companies have specified mandatory items when concluding entry terms to create a fair trading environment with tenant companies. To enhance the transparency of search and recommendation services, they have agreed to disclose key variables that determine the exposure order of search and recommendation results.

He emphasized, "Despite the new approach of private-led self-regulation, active participation from platform companies, tenant companies, and consumers has begun to yield results. It is particularly encouraging that self-regulation measures have been derived in areas closely related to citizens' daily lives."

He added, "The government will continue to actively support the creation of private-led self-regulation achievements through policy and institutional measures via the cross-ministerial platform policy council. We will specify the legal basis for platform self-regulatory organizations in the Telecommunications Business Act and strengthen the system for monitoring self-regulation achievements."

The meeting was attended by vice ministers (or equivalent) from the Ministry of Science and ICT, Ministry of Employment and Labor, Ministry of SMEs and Startups, Fair Trade Commission, Korea Communications Commission, and Personal Information Protection Commission; platform companies (Naver, Kakao, Coupang, Google, Woowa Brothers, Danggeun Market, Yanolja); the Internet Enterprise Association; and the Online Shopping Association.

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