Coupang’s Loan Business Faces Full Audit After Preliminary Probe

SEOUL, Jan. 8 (Korea Bizwire) – The financial watchdog will launch an official audit of e-commerce giant Coupang Inc.’s financial unit next week over its high-interest loan product following a preliminary inspection, officials said Thursday. Coupang Financial has come under fire for charging high interest rates on loans to vendors by leveraging its dominant market [...]