FTC chief vows to 'restore justice' as court clears way for Coupang probe

The chief of Korea's antitrust watchdog said Tuesday he will work to "restore justice" after a local court recently cleared the way for the agency to resume its stalled probe into U.S.-listed e-commerce giant Coupang Inc. Ju Biung-ghi, head of the Fair Trade Commission (FTC), made the remarks during an interview with local radio broadcaster CBS, signaling the agency's intention to resume its investigation. Last month, Coupang refused to cooperate with the watchdog's on-site probe into allegations the company had shifted the costs of discounts onto its suppliers and asked a court to suspend the inspection. The court initially granted a temporary suspension of the FTC's on-site inspection but eventually rejected Coupang's request to halt the probe last week. "(Coupang) deals with various vendors, and the company could be subject to regulatory action if it has imposed unfavorable terms on them," Ju said. "It is a relief the judge handling the case ruled in favor of the public interest, including the rights of the economically vulnerable and hundreds of thousands of small merchants," he added