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) in South Korea conducted an on-site inspection of Coupang's headquarters in Seoul, according to industry sources. This investigation is linked to a previous failed inspection attempt last month. The FTC's focus was on whether Coupang unfairly obstructed the business operations of other companies. Sources suggest that Coupang cooperated with the on-site probe that took place the day before.
Last month, the FTC had attempted to conduct on-site inspections due to allegations that Coupang had passed on the costs of discounts to its suppliers. However, Coupang refused to cooperate, stating that they had not been notified of the inspection as required by the Framework Act on Administrative Investigations. An FTC official declined to comment on individual cases.
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- FTC carried out on-site probe into Coupang: sources koreatimes.co.kr
