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South Korean food-delivery platforms agree to lower commission rates

By Wooyoung Lee ( November 15, 2024, 02:32 GMT | Insight) -- Baedal Minjok and Coupang Eats, South Korea’s two major food-delivery platforms, will incorporate a new tiered commission system in food deliveries starting early next year, with vendors agreeing to the companies’ final proposal in a government-led negotiation. The talks between food-delivery services and their vendors concluded on Thursday. Negotiations had been on the brink of collapse earlier this month, after four months of discussions failed to produce an agreement.South Korea’s two major food-delivery platforms, Baedal Minjok and Coupang Eats, will incorporate a new tiered-commission system in food deliveries starting early next year, with vendors agreeing to the companies’ proposal in a government-led negotiation....

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