FTC carried out on-site probe into Coupang: sources
Korea's fair trade watchdog has carried out another on-site probe into the Korean arm of U.S.-listed Coupang Inc. in connection with a separate case following a failed inspection attempt last month, industry sources said Wednesday. According to the sources, officials from the Fair Trade Commission (FTC) conducted an on-site inspection of Coupang's headquarters in Seoul on the previous day, with…
The Fair Trade Commission (FTC) of South Korea conducted an on-site investigation at the headquarters of Coupang Inc., a U.S.-listed company, in Seoul. This investigation follows a failed inspection attempt last month, according to industry sources. The FTC's primary focus was to determine if Coupang unfairly hindered the business operations of other companies, sources said.
The company reportedly cooperated with the probe on the day of the investigation. Last month, the FTC attempted to conduct similar on-site inspections, alleging that Coupang shifted discount costs onto its suppliers. Coupang refused to cooperate, stating they had not received proper notification as required by law. An FTC spokesperson stated that they cannot comment on individual cases.
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- FTC carried out on-site probe into Coupang: sources koreatimes.co.kr
