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South Korea's Coupang, CPLB receive antitrust fines for falsifying subcontracting prices

By Jenny Lee ( February 22, 2024, 03:00 GMT | Insight) -- South Korean e-commerce giant Coupang and its subsidiary CPLB have been fined  $134,000 by the country's competition watchdog for falsifying subcontracting prices in purchase orders. The Korea Fair Trade Commission said these practices were a direct violation of the country's subcontracting regulations, which mandate clear documentation of contracts to safeguard supplier rights and reduce disputes.South Korean e-commerce giant Coupang and its subsidiary CPLB have been fined 178 million won (about $134,000) by the country's competition watchdog for falsifying subcontracting prices in purchase orders....

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