South Korea fined COUPANG INC 300.9 billion won ($220.59M) on Monday morning for abusing its dominant position in the food delivery market. The penalty targets unfair merchant restrictions that suppressed competition across the delivery app sector.
South Korea Fines Coupang $220M
South Korea fined Coupang 220 million dollars for abusing its dominant position in the food delivery market. The regulator said the firm forced merchants to match rival platform terms. Coupang called the penalty excessive and plans to challenge it.
Xurve View
Insights:
Xurve View
