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South Korea's opposition warns of commission caps for delivery giants amid failed negotiations

( November 1, 2024, 07:41 GMT | Official Statement) -- MLex Summary: South Korean lawmakers from the main opposition Democratic Party of Korea announced today they would expedite legislation to cap commission rates if ongoing negotiations between delivery apps and small businesses fail. Members of the party's Euljiro Committee, which oversees small business protection, issued a stern warning to major platforms Coupang Eats and Baedal Minjok during a National Assembly press conference, promising swift action on a bill that would mandate commission caps and tiered fee structures if talks collapse. The lawmakers also criticized the government's hands-off approach, saying the Korea Fair Trade Commission remained captive to what they called a "self-regulation dogma." The committee also pledged to closely monitor the regulator's investigations into unfair practices by the platforms, particularly their alleged demands for most-favored-nation treatment in pricing and conditions....

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