Republic of Korea: KFTC investigation into Kakao Mobility for alleged abuse of market dominance in the ride-hailing service market
Progress
Current status
in force
02 Oct 2024 in force
Scope
Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: other
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Issued ruling in KFTC investigation into Kakao Mobility for alleged abuse of market dominance in the ride-hailing service market
On 2 October 2024, the Fair Trade Commission of Korea issued a ruling with a tentative fine of KRW 72.4 billion against Kakao Mobility for abuse of market dominance in the ride-hailing service market. The ruling highlighted that Kakao Mobility press…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority