A post by @FirstSquawk on X.
South Korean Watchdog Plans 331 Billion Won Fine for Baemin, 300 Billion Won for Coupang - yonhap
@FirstSquawk on X
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South Korea’s antitrust watchdog plans to fine food-delivery operator Baemin 331 billion won and e-commerce company Coupang 300 billion won, according to Yonhap. The combined penalties of roughly 631 billion won would rank among the largest levied by the Korea Fair Trade Commission. The fines target two of the country’s most prominent platform businesses, signaling heightened scrutiny of dominance in online delivery and retail. Details of the alleged violations were not specified in the initial report. Watch for formal KFTC confirmation, the specific charges, and whether Coupang and Baemin contest the penalties in court.
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Named in this story
Coupang, Baemin, South Korean Watchdog, Yonhap