South Korean Government Considers Antitrust Measures for YouTube, Netflix

SEOUL: The South Korean government is contemplating the imposition of antitrust regulations on major content platforms like YouTube and Netflix, following significant increases in their subscription fees. This consideration comes in response to concerns raised by President Yoon Suk Yeol regarding monopolistic practices.

According to Yonhap News Agency, the government and the presidential office are actively working on guidelines to address the issue and protect consumer rights. The move follows YouTube Premium's recent announcement of a 42.6 percent hike in its subscription rate and Netflix's indirect fee increase by eliminating its "basic" plan. The government's initiative is aimed at curbing what is viewed as 'tyranny by monopolies and oligopolies' in the digital content market. This development indicates a growing awareness within the government about the need for regulatory measures to ensure fair pricing and consumer protection in the rapidly evolving online video service industry.

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