South Korea’s crackdown on US tech giants could cost $1T, report warns

FIRST ON FOX: 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.TRUMP URGED TO TAKE ON SOUTH KOREA OVER TECH REGULATIONS THAT TARGET US, SPARE CHINA Th ...