A new study says South Korea’s strict competition rules aimed at U.S. tech firms could cost both countries nearly $1 trillion in lost economic growth over 10 years.

Research by the Competere Foundation, a nonprofit that educates policymakers on non-tariff barriers affecting global GDP, estimates that U.S. companies could lose $525 billion, while South Korean small businesses stand to lose about $469 billion.

The report points to aggressive enforcement by Korea’s Fair Trade Commission (KFTC), saying it unfairly limits U.S. tech firms and discourages foreign investment.

"Ironically, while Korean officials are working to prevent U.S. companies like Apple, Coupang, Google and Microsoft from operating freely, our research shows Korea itself will lose an estimated $469 billion over ten y

See Full Page