Baemin, Coupang Eats hit with record W632b antitrust penalty

South Korea's antitrust watchdog said Monday it would impose a combined 631.9 billion won ($467 million) fine on Baemin and Coupang Eats for pressuring restaurants to match rivals' prices and terms, restricting competition. The Fair Trade Commission announced provisional fines of 331.1 billion won for Woowa Brothers, operator of Baemin, and 300.8 billion won for Coupang, which runs Coupang Eats, alongside corrective orders. Combined, the fines mark the largest penalty ever imposed on food delive