FTC Chief Vows to 'Restore Justice' as Court Clears Way for Coupang Probe
4 Articles
4 Articles
Fair Trade Commission Chairman Joo Byung-ki announced his intention to resume on-site investigations into Coupang following the court's rejection of the application for a stay of execution. Appearing on CBS Radio's "Park Sung-tae's News Show" on the 29th, Chairman Joo responded to a question regarding whether he would conduct another on-site investigation into Coupang by stating, "It is late, but I will do my best," adding, "
FTC chief vows to 'restore justice' as court clears way for Coupang probe
The chief of Korea's antitrust watchdog said Tuesday he will work to "restore justice" after a local court recently cleared the way for the agency to resume its stalled probe into U.S.-listed e-commerce giant Coupang Inc. Ju Biung-ghi, head of the Fair Trade Commission (FTC), made the remarks during an interview with local radio broadcaster CBS, signaling the agency's intention to resume its investigation. Last month, Coupang refused to cooperat…
On the 29th, Fair Trade Commission Chairman Joo Byung-ki said regarding the recent court decision not to accept Coupang’s request to suspend the FTC’s on-site investigation, “It is very fortunate that the court sided with the weight of the public interest, which consists of the rights and interests of the economically vulnerable and hundreds of thousands of small business owners.”
The Fair Trade Commission plans to resume on-site investigations into allegations that Coupang passed on coupon discount costs to its vendors. This follows the court's rejection of Coupang's application for a stay of execution. KFTC Chairman Joo Byung-ki. (Photo = Yonhap News) On the 29th, KFTC Chairman Joo Byung-ki responded to a question on CBS Radio's "Park Sung-tae's News Show" regarding whether he would resume the on-site investigation of C…
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