Zoom Internet is showing strong performance. This is interpreted as being influenced by news that the government is moving forward with legal amendments to establish a legal basis for platform self-regulation. Zoom Internet has launched numerous platform-based services.
As of 10:22 AM on the 15th, Zoom Internet is trading at 3,035 KRW, up 5.93% compared to the previous day.
According to industry sources the day before, the Ministry of Science and ICT plans to propose an amendment next month to add Article 21-10 to the Telecommunications Business Act. The Ministry of Science and ICT established a dedicated task force (TF) for digital platform self-regulatory organizations last year and has been preparing legislation.
The amendment includes provisions that allow the government to establish policies to promote and support self-regulatory activities in the platform industry. It also states that platform companies or value-added telecommunications service providers or their associations can perform self-regulatory duties by setting and implementing self-regulatory agreements within their own or separate autonomous organizations to create a sound trading environment, promote innovation, protect users, and foster cooperative coexistence.
Meanwhile, Zoom Internet is a company that provides internet-based services and sells online advertising products through its internet portal site, Zum.com. The company possesses various content and user analysis recommendation systems through its own search engine expertise via Zum.com, as well as AI and big data technologies.
Additionally, it has launched ▲ the video-based advertising platform News Around service ▲ the mobile stock trading platform Vanilla operated by its subsidiary ▲ the investment content platform 'ZUM Investment' ▲ the unlisted stock information platform Get Stock service ▲ and the all-in-one investment information platform InvestingView.
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