South Korea Fines Food Delivery Giants $466M for Antitrust Violations

• South Korea fined Coupang $220 million and Woowa Brothers $246 million for antitrust violations.
• The fines were issued for restricting restaurant prices, delivery options, and advertising practices.
• The companies were found to be abusing their dominance in the food delivery market.
• This action follows an investigation into the companies' practices.
• The fines are among the largest imposed for antitrust violations in South Korea's tech sector.