By Shim Woo-hyun (email@example.com)
The Ministry of Science and ICT on Sept. 8 provided advance notice of its ordinances under the revised Telecommunications Business Act, which includes clauses that will bind foreign platform operators like Netflix and YouTube to share costs in securing stable services.
The revision, dubbed the ”Netflix law,“ passed the National Assembly in May after local network operators raised complaints over foreign platform operators being exempt from costs for operating, expanding and using networks here despite their dominance in the local online market.
The revised regulations, which will include presidential decrees to take effect from the end of this year, will ask both local and foreign telecommunications platform operators to be equipped with server capacity that can mitigate sudden spikes in internet traffic and measures to secure stable servers and services. If needed, the laws bind network and platform operators to negotiate.