KFTC Chief Vows To Resume Coupang Probe
Joo Byung-gi, chairman of the Korea Fair Trade Commission (KFTC), declared his determination to resume the on-site investigation of Coupang — which had been halted by a court ruling — as part of efforts to restore market order. Speaking on a radio broadcast on Sept. 29, Joo said he would “make every
KFTC Chairman Joo Byung-gi has vowed to resume the suspended investigation into Coupang, the country's leading e-commerce company, following a court ruling. The KFTC had attempted to investigate Coupang in August over suspected violations of the Act on Fair Transactions in Large Retail Business, but withdrew after the company refused to cooperate, citing lack of advance notice.
Joo emphasized the importance of restoring justice and protecting the rights of small business owners, citing the potential abuse of market dominance by Coupang through self-preferencing practices. He also dismissed claims of discrimination against a U.S. company, citing the lack of coverage in major U.S. media outlets. Joo further criticized the commission structure of food delivery platforms in South Korea, calling for specialized legislation to address the issue.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
