Seoul:South Korea’s antitrust regulator, on Monday, mentioned that it’ll launch a examine into the e-commerce sector to analyse the market construction and verify competitors points as a part of efforts to make sure honest enterprise practices amid a rising variety of on-line procuring shoppers.
The Truthful Commerce Fee (FTC) mentioned that the four-week preliminary market analysis will start from Tuesday to gather opinions from stakeholders and related associations, in addition to from shoppers, and to overview comparable analysis carried out by the European Union, Britain and Australia, Yonhap information company reported.
The regulator will then set particulars of analysis topics and strategies, and perform an inquiry into main e-commerce operators at residence and overseas for issuing a report by the top of this yr.
“The e-commerce market is carefully linked to the on a regular basis lives of individuals, and the market and enterprise circumstances are altering quick in order that in-depth evaluation is required,” the FTC mentioned.
“The rising dependence on a handful of operators has raised issues concerning the equity of enterprise practices and the opportunity of shopper harm. Such an in-depth market examine will assist us devise preemptive responses to competitors and innovation points,” it added.
The worth of on-line procuring transactions has risen lately from 190.2 trillion gained ($141.61 billion) in 2021 to 209.9 trillion gained in 2022, and additional to over 227.3 trillion gained final yr, the report mentioned.
