South Korea fines Coupang $220 million for abusing dominance in food delivery market
South Korea's antitrust regulator imposed a fine of 300.8 billion won, equivalent to $220.59 million, on e-commerce giant Coupang for abusing its dominant position in the food delivery market. According to the Korea Fair Trade Commission, Coupang forced merchants to match favorable terms offered on competing platforms, penalizing those who did not comply.
This restricted competition in the delivery app sector and hindered merchants' ability to independently set prices and other trading conditions, negatively impacting rivals' business activities.
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