South Korea's top food-delivery platforms face $466 million in dominance-abuse fines
( November 9, 2026, 03:55 GMT | Official Statement) -- MLex Summary: South Korea’s two largest food-delivery operators — Woowa Brothers, which runs Baedal Minjok, and Coupang — face provisional fines totaling 631.9 billion won ($466 million) for abusing their market dominance. The Korea Fair Trade Commission said Monday that it imposed provisional fines of 331.1 billion won on Woowa Brothers and 300.8 billion won on Coupang, which together account for more than 90 percent of the market. The regulator found that both platforms imposed most-favored-nation requirements on restaurants, contributing to higher menu prices and commissions while restricting restaurants’ pricing freedom. The practices also undermined smaller rivals’ ability to compete through lower fees and prices, the KFTC said.The statement is attached (in Korean)....
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