South Korea’s revised Network Act may be best known for its controversial provisions on false and manipulated information, but its most consequential impact for companies could be in the boardroom.

The amended Act on Promotion of Information and Communications Network Utilization and Information Protection (Network Act) that entered into force Tuesday reflects a broader shift in how Seoul views the companies that operate the country’s online infrastructure and the role the state intends to play in supervising them.

Much of the public debate surrounding the revised act has focused on provisions governing false or manipulated information, with critics warningabout