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Coupang, Naver, Market Kurly draw possible sanctions in South Korea

By Jenny Lee ( December 2, 2024, 06:52 GMT | Insight) -- Major e-commerce platforms Coupang, Naver and Market Kurly now face potential sanctions from the South Korean competition regulator, which has initiated penalty procedures over practices that allegedly trapped consumers in paid memberships. The Korea Fair Trade Commission has delivered examiners' reports, equivalent to prosecutorial indictments, recommending fines and corrective orders against the platforms for allegedly hindering and limiting consumers' rights to cancel their subscriptions mid-term, MLex was told.Major e-commerce platforms Coupang, Naver and Market Kurly now face potential sanctions from the South Korean competition regulator, which has initiated penalty procedures over practices that allegedly trapped consumers in paid memberships....

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