Republic of Korea: Issued interim ruling in KFTC investigation into Kakao Mobility for alleged abuse of market dominance in the ride-hailing service market
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: other
Implementation Level
national
Government Branch
executive
Government Body
competition authority