SEOUL — South Korea's antitrust regulator said on Monday (Nov 9) it was imposing a 300.8 billion won (S$283.6 million) fine on e-commerce firm Coupang for abusing its dominant position in the food delivery market.The Korea Fair Trade Commission said Coupang required merchants to match favourable terms offered on rival platforms and penalised those that failed to comply, restricting competition in the delivery app sector.The regulator said the practices harmed merchants' ability to set prices and other trading conditions independently and impeded rivals' business activities.[[nid:737865]]

Coupang logo is seen in this illustration taken on Feb 11, 2025.

South Korea

Food Delivery

food delivery apps

Food and Beverage sector

e-commerce

Reuters

SEOUL — South Korea's antitrust regulator said on Monday (Nov 9) it was imposing a 300.8 billion won (S$283.6 million) fine on e-commerce firm Coupang for abusing its dominant position in the food delivery market.The Korea Fair Trade Commission said Coupang required merchants to match favourable terms offered on rival platforms and penalised those that failed to comply, restricting competition...

South Korea fines Coupang $283m for abusing dominance in food delivery market