Joo Byeong-gi, chair of the Fair Trade Commission, stated that there is no discriminatory enforcement of laws against Coupang or other U.S.-based platforms. He explained that both domestic and international platforms are regulated under the same standards, and that information is shared with U.S. competition authorities when investigating or sanctioning American companies.
In an appearance on MBC Radio on August 11, Joo emphasized that "the competition policy for online platforms is based on an international normative system" and that all platforms, whether domestic or foreign, are treated without discrimination.
He reaffirmed the commitment to using structural corrective measures, such as divestitures and business transfers, to address repeated collusion or abuse of market dominance. Joo noted, "As online platforms expand, the need for structural measures has increased," adding that this is not merely a threat.
The commission is also pushing for stricter sanctions against individuals who fail to disclose data on large corporate groups. Given that omissions have occurred repeatedly over long periods or involve dozens of affiliates, there is a need to enhance the effectiveness of sanctions. Joo stated that the proposal to impose fines of up to 10% of annual revenue is "not excessive at all."
* This article has been translated by AI.
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