Seoul's ire hounds Coupang's fragile comeback
CPNG•Coupang splurged to win back customers after a data leak, putting the $27 billion company on track to return to the black next year. South Korea's antitrust regulator imposed a 300.9 billion won ($221 million) fine over its food delivery practices, raising the prospect of further probes.
1. Fine challenges recovery
South Korea's antitrust regulator fined Coupang 300.9 billion won ($221 million) for abusing its dominant position in food delivery. The regulator said Coupang required merchants to match favourable terms on rival platforms and penalised those that did not, and ordered changes to how Coupang Eats calculates restaurant fees. Coupang said it would review the final decision and present its position through legal procedures, and protested that the fine was much larger than one in an earlier similar case.
