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South Korea's Coupang faces record $118.5 million fine as KFTC finalizes search-ranking manipulation decision

By Jenny Lee ( August 7, 2024, 09:28 GMT | Insight) -- The recent antitrust fine against Coupang, South Korea's e-commerce giant, imposed by the country's competition watchdog has swelled to a record-breaking $118.5 million, according to a recently received written judgment, MLex was told. The penalty was the final amount determined by the Korea Fair Trade Commission for Coupang's practice of manipulating search rankings and using employee reviews to unfairly promote its private-brand products, it is understood.The recent antitrust fine against Coupang, South Korea's e-commerce giant, imposed by the country's competition watchdog has swelled to a record-breaking 162.8 billion won (about $118.5 million), according to a recently received written judgment, MLex was told....

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