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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
17 Dec 2024 in force
02 Oct 2024 under investigation

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

17 Dec 2024
in force

Issued ruling in KFTC investigation into Kakao Mobility for alleged abuse of market dominance in the ride-hailing service market

On 17 December 2024, the Fair Trade Commission of Korea issued a finalised ruling with a fine of KRW 15.1 billion, revised from KRW 72.4 billion, against Kakao Mobility for abuse of market dominance in the ride-hailing service market. The ruling hig…

Source
Event type investigation
Action type ruling
Government branch executive
Government body competition authority
02 Oct 2024
under investigation

Issued interim 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…

Source
Event type investigation
Action type interim ruling
Government branch executive
Government body competition authority

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