South Korea Antitrust Chief Regrets Court Suspensions of Coupang, Hanwha Probes

  • The Seoul High Court suspended FTC investigation orders involving Coupang and Hanwha.
  • The Coupang inspection was halted for about one month after the court decision.
  • The FTC plans to review investigation rules and pursue penalties for repeat colluders.

South Korea's Fair Trade Commission Chairman Joo Byung-ki said court decisions suspending enforcement actions involving Coupang and Hanwha had undermined the agency's investigations, and pledged to revise internal rules to prevent companies from evading inspections. The Seoul High Court granted Coupang's request to suspend an on-site inspection order and Hanwha's request to suspend a document-submission order, putting the Coupang probe on hold for about a month. Joo said the FTC's inspections are conducted with the investigated company's consent and differ from criminal searches and seizures, arguing that courts should weigh public interests alongside companies' defense rights. He also criticized suspensions of price re-determination orders involving paper and flour producers, while ruling out an immediate expansion of compulsory investigative powers. The commission is pursuing market-access restrictions for repeat colluders, structural remedies for monopoly and oligopoly abuses, and lower merchant costs in the delivery-app market.

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