王志顺 低价竞争作为市场经济的常见现象，其双面性在本次修法中得到了辩证审视。那些以补贴为名的倾销策 略，那些以用户增长为借口的恶性价格战，短期内或许能吸引眼球，长期却会导致全行业利润枯竭、质 量滑坡。新修订法律禁止平台强制商家低于成本价销售，正是对这种饮鸩止渴式竞争的纠偏。这种规制 并非限制正常的价格竞争，而是防止资本力量扭曲市场信号，让企业回归通过技术创新和服务提升赢得 竞争的正道。当外卖平台不再用补贴绑架商家，当共享单车不再用押金游戏消耗公众信任，消费者才能 获得真正的实惠，行业才能实现可持续发展。 回顾这部法律的修订历程，其最值得称道之处在于对数字经济竞争规律的深刻把握。从虚假交易到恶意 退货，从平台规则滥用到底价倾销，修法者没有简单套用传统监管框架，而是针对数字竞争的新特点、 新问题量身定制解决方案。这种立法智慧既体现了对市场创新的包容审慎，又彰显了维护公平竞争秩序 的坚定决心。随着法律实施日期的临近，我们有理由期待，一个规则透明、机会平等、创新驱动的数字 经济新时代正在到来。 当网络刷单的虚假繁荣成为某些电商平台的生存法则，当恶意退货的利剑被异化为打击竞争对手的武 器，当平台规则沦为强制商家二选一的 ...

Political Landscape - The emergency presidential election in South Korea is scheduled for June 3, 2025, following political uncertainty due to the declaration of martial law and the impeachment of President Yoon Suk-yeol[6]. - Recent polls indicate that opposition candidates are leading, reflecting a favorable trend for the opposition party amid high public support for changing the current government[7][8]. Economic Policy Outlook - Key economic policy platforms focus on improving corporate governance and addressing the "Korea discount," with retail investors representing nearly 30% of the population[19]. - Major candidates propose four main categories of capital market policies: corporate governance reform, tax incentives, enhanced accessibility for capital markets, and establishing a fair market order[20]. Market Projections - The KOSPI 12-month target has been raised to 2900, indicating a 9% upside potential, driven by the elimination of political risks and advancements in capital market reforms[3][64]. - The potential reclassification of South Korea's MSCI status could attract approximately $20-30 billion in foreign investment, improving market accessibility[48][51]. Corporate Governance Reforms - Both leading candidates emphasize the importance of corporate governance reforms, which could play a crucial role in narrowing the Korea discount[22][23]. - Despite previous efforts, the valuation of the Korean stock market remains significantly discounted compared to regional and global peers, with a price-to-book ratio discount of 48% compared to developed markets[28]. Tax Incentives - Proposed reforms include changes to dividend and inheritance tax policies to encourage higher dividend payouts, which previously saw significant increases when similar policies were implemented in 2014[37][40]. - The inheritance tax reform aims to address undervaluation issues of listed company stocks, particularly for those with a price-to-book ratio below 0.8[38]. Market Order and Transparency - Candidates commit to strengthening penalties for illegal trading practices, such as insider trading, to enhance protection for minority shareholders and improve market transparency[52][53]. - The overall number of unfair trading cases has decreased, but there has been a rise in cases related to interest disclosures in 2024[53]. Sector-Specific Policies - Both candidates support strategic industries such as AI, renewable energy, and defense, with commitments to establish investment funds and incentives for domestic production[59][60]. - The focus on enhancing the competitiveness of the shipbuilding industry and advancing defense technology is also highlighted in their platforms[60].