Latest Coupang News & Updates

Seoul, Feb 26 (IANS) South Korea’s antitrust regulator said on Thursday it has imposed a fine of 2.19 billion won ($1.54 million) on e-commerce giant Coupang for pressuring suppliers to lower prices and cover advertising costs to meet its target profit margins.Coupang was also found to have delayed payments to suppliers and failed to pay late interest, violating the Act on Fair Transactions In Large Retail Businesses, the Fair Trade Commission (FTC) said.The FTC issued corrective orders to addre…