Written by 12:24 PM Economics

Coupang reported to the U.S. Securities and Exchange Commission that “Korea’s Fair Trade Commission imposes sanctions on practices”.

“Coupang announced to the U.S. Securities and Exchange Commission (SEC) that the Fair Trade Commission’s sanctions were pointed out as a common practice in the industry,”

“According to the disclosed document, Coupang claimed that the ‘search rankings’ are a common practice for all e-commerce companies worldwide, including Korea, and that the Korea Fair Trade Commission’s determination that Coupang misled and violated the law regarding search rankings on the 14th is unfounded.”

“Coupang also stated that it does not believe its practices violate Korean law and will actively present this opinion in court.”

“※ ‘Your tip becomes news'”

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