South Korea Rejects 2 Food-Delivery Antitrust Settlements, Exposing Baemin and Coupang Eats to Fines
Updated
Updated · Bloomberg · Jun 18
South Korea Rejects 2 Food-Delivery Antitrust Settlements, Exposing Baemin and Coupang Eats to Fines
2 articles · Updated · Bloomberg · Jun 18
Summary
South Korea’s antitrust watchdog rejected settlement proposals from Baedal Minjok and Coupang Eats, keeping both platforms in an antitrust probe that could lead to significant fines.
The case centers on allegations that the two delivery apps pressured restaurant partners to keep prices and discounts on their platforms equal to or lower than offers on rival apps.
With the settlement bids turned down, the companies now remain fully exposed to formal enforcement over what regulators describe as potentially unfair business practices.