Coupang challenges KFTC's 10-year data order in court

Coupang has asked the Seoul High Court to suspend a Korea Fair Trade Commission order requiring it to submit roughly 10 years of business records from 2016. The company argues the request is overly broad since specific allegations have not been identified, while the statute of limitations under the antitrust law is seven years. A hearing is set for Nov. 5.

• Coupang filed the stay application with the Seoul High Court on Sept. 30
• KFTC seeks records covering roughly 10 years from 2016
• The statute of limitations under the antitrust law is seven years
• A court hearing is scheduled for Nov. 5