Big Tech Replaces Chaebol as Enemy No. 1 Before South Korea Vote
- Tech firms on top of hit list for parliament hearings in Seoul
- Largest messaging app revamps model amid ‘greed’ allegations
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Five years ago, just ahead of the then-presidential election, it was the family-run conglomerates under attack. This year, months before what is expected to be a close presidential race, lawmakers are targeting big tech.
South Korea’s parliament is holding five weeks of hearings starting Friday during which it plans to grill heads of internet giants such as Kakao Corp. and Coupang Inc., just as it did five years ago when the “chaebol” were blamed for enriching themselves by abusing their position.