Why it matters
The penalties concern major companies in South Korea, but the supplied report gives no details establishing a direct effect on U.S. businesses, consumers or markets.
ECONOMY • SOUTH KOREA
South Korea plans large fines for Baemin and Coupang over alleged unfair practices
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BLUF
South Korea’s antitrust regulator plans to fine delivery platforms Baemin 331 billion won and Coupang 300 billion won for unfair practices, Yonhap reports. The supplied report does not describe the alleged conduct or say whether the companies will challenge the penalties.
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