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The Korea Times — Top Storieskoreatimes.co.kr

Hefty fines loom for Baemin, Coupang Eats as FTC rejects self-correction bids (opens original article in a new tab)

TL;DR

The FTC has rejected self-correction bids from Baemin and Coupang Eats, leading to potential heavy fines over antitrust allegations.

  • FTC rejected self-correction proposals from Baemin and Coupang Eats
  • Companies may face fines of tens of billions of won for alleged market dominance abuse
  • FTC will resume formal review to determine sanctions
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