Progress
Current status
in force
18 Aug 2021in force
Scope
Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Coupang sanctioned with a fine of 3.29 billion won ($2.8 million) for abuse of dominance in the form of unfair business practices
On 18 August 2021, the Korean Fair Trade Commission (KFTC) issued a fine of 3.29 billion won ($2.8 million) on Coupang, a Korean e-commerce marketplace for several violations of antitrust laws. Specifically, Coupang violated the Fair Trade Act as we…
Event typeinvestigation
Action typeruling
Government branchexecutive
Government bodycompetition authority