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South Korea's proposed platform law could cost U.S. states $525B over the next decade, model estimates - Fox News
Overview
A new model projects that South Korea’s proposed platform law could cost U.S. states about $525 billion over the next decade by restricting or regulating transactions with some American firms. Lawmakers in South Korea are considering rules that would target certain cross-border digital and platform transactions, raising the prospect of substantial economic pain for affected U.S. companies and state revenues. The regulatory risk could also amplify market volatility already seen in South Korean stocks and complicate broader U.S.-Korea trade and tariff dynamics.
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ORGFox NewsORGSouth Korea trade commissionORGU.S. states
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