Yonhap Infomax NewsCoupang Inc. has been fined 2.2 billion won ($1.65 million) by the Korea Fair Trade Commission for abusing its market dominance to pressure suppliers into lowering prices and covering additional costs, amid heightened regulatory scrutiny following a data breach.
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#YonhapInfomax #Coupang #KoreaFairTradeCommission #SupplierAbuse #Penalty #LargeScaleRetailBusinessAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106988
Coupang Fined 2.2 Billion Won for Supplier Abuse—KFTC Imposes Penalty
Coupang Inc. has been fined 2.2 billion won ($1.65 million) by the Korea Fair Trade Commission for abusing its market dominance to pressure suppliers into lowering prices and covering additional costs, amid heightened regulatory scrutiny following a data breach.