South Korean e-commerce leader Coupang is facing significant backlash from political parties following its persistent refusal to allow on-site investigations by the Fair Trade Commission. Since August, the company has blocked regulatory access, prompting members of the National Assembly's National Policy Committee to voice strong disapproval during a recent parliamentary audit. Lawmakers from both the ruling and opposition parties have signaled their intent to introduce new legislation aimed at curbing the ability of major corporations to obstruct government oversight. The legislative push seeks to ensure that business entities cannot bypass regulatory scrutiny, highlighting a growing concern among officials regarding corporate accountability and the enforcement of fair competition standards within the domestic market.
Source : The Korea Herald
Photo : The Korea Herald
