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Korea Rejects Baemin, Coupang Settlement Bids in Antitrust Probe

Korea Rejects Baemin, Coupang Settlement Bids in Antitrust Probe
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Legal Korea Rejects Baemin, Coupang Settlement Bids in Antitrust Probe South Korea’s antitrust watchdog has rejected settlement proposals from the country’s two largest food delivery platforms, Baedal Minjok and Coupang Eats, leaving both firms exposed to potentially significant fines over alleged unfair business practices. Korean regulators have been investigating allegations including that the two apps pressured restaurant partners to maintain prices and discounts equal to or lower than...

Legal Korea Rejects Baemin, Coupang Settlement Bids in Antitrust Probe South Korea’s antitrust watchdog has rejected settlement proposals from the country’s two largest food delivery platforms, Baedal Minjok and Coupang Eats, leaving both firms exposed to potentially significant fines over alleged unfair business practices. Korean regulators have been investigating allegations including that the two apps pressured restaurant partners to maintain prices and discounts equal to or lower than those offered on rival delivery platforms. [Image text:] coup coupang coupang coupang
Korea (LOCATION) Baemin (PERSON) Antitrust Probe Legal Korea (ORG) Antitrust Probe South Korea’s (ORG) Baedal Minjok (PERSON) Coupang Eats (PERSON) Korean (ORG)
Originally published by Bloomberg Technology Read original →