Market Chatter: Antitrust Probe Against Coupang Hits Dead End in South Korea

MT Newswires Live

Aug 27

The antitrust probe against the Korean arm of the US-based e-commerce company Coupang Inc. has hit a dead end after the company refused on-site inspections by the Korean Fair Trade Commission, The Korean Times reported Thursday, citing industry sources.

The refusal of the inspection, planned between last week and the current week, was over allegations that the company violated the Act on Fair Transactions in Large Retail Business.

The watchdog is probing whether the company shifted the cost of discounts onto its suppliers and may use other measures to advance the probe.

The South Korean Fair Trade Commission did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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