Republic of Korea: Coupang sanctioned with a fine of 3.29 billion won ($2.8 million) for abuse of dominance in the form of unfair business practices
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
competition authority