I don’t think this law is meant to target US social media companies. I think it is meant to target speech certain politicians don’t agree with:
The U.S. Department of State expressed “significant concerns” over Korea’s recently revised Information and Communications Network Act, commonly known as the “fake news” law, amid worries that the law could restrict free speech and negatively affect American platforms operating here.
“The United States has significant concerns with the ROK government’s approval of an amendment to the Network Act that risks negatively impacting the business of U.S.-based online platforms and undermining free speech,” the department’s press office said in response to an inquiry from The Korea Times, referring to Korea by an abbreviation of its official name, the Republic of Korea.
“We expect the ROK to deliver on its commitment to ensuring that U.S. companies are not discriminated against and do not face unnecessary barriers in terms of laws and policies concerning digital services,” it added.
You can read more at the link.







