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FTC fines Baemin, Coupang Eats 631.9 billion won for market abuse
The Fair Trade Commission imposed a combined 631.9 billion won in fines on Baemin and Coupang Eats for abusing their dominant positions in the food delivery market, according to Yonhap and Korea Times reports on Nov. 9. The regulator accused the companies of forcing affiliated restaurants to offer prices and transaction conditions no less favorable than those on competing apps. Korea Economic Daily and Kyunghyang Shinmun reported the total fine amount as 631.9 billion won. The Korea Times report stated that Woowa Brothers, the operator of Baemin, was fined 331.1 billion won, while Coupang Eats was fined 300.8 billion won.


















