South Korea's Coupang faces criminal probe in wake of fine by KFTC
By Jenny Lee ( November 13, 2024, 05:07 GMT | Insight) -- South Korea's e-commerce giant Coupang finds itself at the center of a criminal probe as the country's prosecutors raided its headquarters over allegations that it rigged its search algorithms to favor its own private-brand products. Prosecutors from the Seoul Eastern District Prosecutor's Office initiated search-and-seizure operations at Coupang's Seoul headquarters this week to secure evidence, marking the first such action against the company for algorithm-manipulation charges, MLex was told.South Korea's e-commerce giant Coupang finds itself at the center of a criminal probe as the country's prosecutors raided its headquarters over allegations that it rigged its search algorithms to favor its own private-brand products....
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