Watchdog's probe into Coupang stalls after inspection refusal
The fair trade watchdog's probe into the Korean arm of U.S.-listed Coupang Inc. appears to have hit a setback after the e-commerce giant refused investigators' recent attempts to conduct on-site inspections, citing procedural issues, industry sources said Thursday. According to sources, the Fair Trade Commission (FTC) had planned to conduct on-site inspections of Coupang's Korean unit from last…
The Fair Trade Commission (FTC) probe into Coupang's Korean operations has been hampered by the e-commerce company's refusal to allow on-site inspections, according to industry sources. The FTC had aimed to investigate allegations that Coupang breached the Act on Fair Transactions in Large Retail Business, which alleges that the company passed on discount costs to its suppliers.
Sources claim that Coupang rejected the FTC's attempts to conduct inspections, citing procedural concerns and stating that they had not been given proper notification, as required by the Framework Act on Administrative Investigations. The law mandates that a seven-day notice be provided before an on-site inspection, which Coupang cited as a legal safeguard for rights and interests. The company intends to pursue a court ruling regarding the matter.
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- Watchdog's probe into Coupang stalls after inspection refusal en.yna.co.kr
- Watchdog's probe into Coupang stalls after inspection refusal koreatimes.co.kr
