Politics · South Korea · 1 hr ago

South Korean lawmakers criticize Coupang over refusal of competition watchdog inspection

South Korean lawmakers criticize Coupang over refusal of competition watchdog inspection

Lawmakers from both major parties in South Korea criticized online retailer Coupang at a National Assembly hearing on October 12.

They said the company had refused an on-site inspection by the Fair Trade Commission, the country’s competition watchdog.

The inspection concerns suspected violations of the Large-Scale Retail Business Act.

Coupang resisted an inspection in August and filed a lawsuit, as well as a request to pause the inspection.

The Seoul High Court rejected the request to pause it last month, saying a pause could harm the public interest.

Lawmakers said the refusal could undermine enforcement and discussed whether legislation should make inspection procedures clearer.

The lawsuit is still mentioned as having been filed, but the story gives no decision on it or a date for the inspection to resume.

Sources

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