FTC fines Coupang W2.19b for unfair supplier practices

Coupang has been fined 2.19 billion won ($1.53 million) and ordered to take corrective measures for violating the Large-scale Retail Business Act, the Fair Trade Commission said Thursday, citing unfair pressure on suppliers and delayed payments. The regulator found that from January 2020 to October 2022, Coupang set margin targets for suppliers and closely monitored performance. When suppliers failed to meet those targets, the company demanded lower delivery prices or required them to shoulder a

By The Korea Herald