Korea Fair Trade Commission

Rule Changes

Issued fines and corrective orders; decisions subject to appeal

South Korea's Fair Trade Commission fined the country's two largest food-delivery apps a combined 631.9 billion won on Nov. 9. Woowa Brothers, which runs Baemin, must pay 331.1 billion won; Coupang, which runs Coupang Eats, must pay 300.8 billion won. The penalties are provisional and both companies say they will challenge them in court.

Updated Yesterday

Money Moves

As of May 2026: Imposed structural remedies

South Korea has had two full-service international carriers since 1988. On December 17, 2026, it will have one. Korean Air confirmed May 26 that on that date it will absorb Asiana Airlines' fleet, staff, routes, and operating certificate, retiring the Asiana brand after 38 years.

Updated May 26

Rule Changes

As of May 2026: Conducting on-site inspection of Arm Korea

Arm Holdings designs the chip architecture found in roughly 99% of smartphones and a growing share of data-center processors. On May 6 it reported record quarterly results. Five days later, Bloomberg revealed the Federal Trade Commission had opened an antitrust probe into how the company distributes those designs.

Updated May 20