Coupang Dispute Raises Stakes in Korea's $350 Bil. US Investment Talks
5 Articles
5 Articles
Korean regulators’ hardline stance toward Coupang is complicating Seoul’s talks with Washington over the next stages of its planned $350 billion investment in the United States. The latest development came Wednesday when the Seoul High Court rejected Coupang’s request to suspend the effect of a Fair Trade Commission (FTC) decision ordering an on-site inspection of the U.S.-headquartered e-commerce firm’s alleged violations of a local fair transa…
The court did not accept Coupang's request to suspend the effect of the Fair Trade Commission's on-site investigation. Consequently, the validity of the KFTC's decision to conduct the on-site investigation has been restored. On the 23rd, the Seoul High Court Administrative Division 6-2 (Presiding Judge Choi Hang-seok) dismissed Coupang's application for a stay of execution of the on-site investigation filed against the KFTC. The court ruled that…
(Seoul = Yonhap News) Reporters Kim Soo-hyun and Lee Young-seop = The court did not accept Coupang's request to suspend the effect of the Fair Trade Commission's on-site investigation.
The court did not accept Coupang's request to suspend the effect of the Fair Trade Commission's on-site investigation. With the application for a stay of execution dismissed, the effect of the KFTC's decision to conduct the on-site investigation was immediately reinstated. The KFTC plans to impose administrative fines. On the 23rd, the Seoul High Court Administrative Division 6-2 (Judges Choi Hang-seok, Park Young-ju, and Kim Min-ki) dismissed C…
The court did not accept Coupang's application for a stay of execution to halt the Fair Trade Commission's ex officio investigation.
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