Republic of Korea: Korean Fair Trade Commission investigation into Coupang for abuse of dominance
Progress
Current status
in force
18 Aug 2021 in 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 type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority