FTC to fine Baemin, Coupang for unfair practices

This photo, taken Nov. 9, 2026, shows the headquarters of e-commerce giant Coupang Inc. in Seoul. The Fair Trade Commission (FTC) said it will fine Woowa Brothers Corp., the operator of the delivery app Baemin, 331.1 billion won (US$243 million) and Coupang 300.8 billion won for abusing their market dominance to restrict competition. The two companies, which operate Baemin and Coupang Eats, respectively, pressured partner restaurants to offer terms at least as favorable as those available on competing platforms. (Yonhap)

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