The world should cheer South Korea’s battle against Big Tech

the world should cheer south koreas battle against big tech

Sumary of The world should cheer South Korea’s battle against Big Tech:

  • William Pesek is an award-winning Tokyo-based journalist and author of “Japanization: What the World Can Learn from Japan’s Lost Decades.
  • “The irony was the 800-pounder in the room as South Korea slapped Google with a $177 million fine for monopolistic behavior.
  • Tech giants have, after all, amassed oligarchic wealth and power by following the Korean model: a small cluster of ginormous, diversified, politically savvy conglomerates at the center of an economic universe orbited by all else.
  • But nowhere is this dog-wagging-tail problem more pervasive than in South Korea.
  • Google’s 80% global share of smartphone operating systems is a particular Korean concern in light of Samsung’s extreme dominance in high-end handsets.
  • Still, Seoul complaining that Google freezes out competitors in a market known as the Republic of Samsung?
  • Google’s 80% global share of smartphone operating systems is a particular Korean concern.
  • © Reuters That said, this individual Google fine is less important than a law South Korea’s parliament approved last month curbing the payment policies of Big Tech players like Apple.

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