Coupang(US:CPNG) Xin Lang Cai Jing·2026-01-08 06:43Core Viewpoint - The South Korean financial regulatory authority will conduct a formal audit of Coupang's financial division next week, focusing on its high-interest loan products that have drawn criticism for exploiting market dominance [1][2]. Group 1: Regulatory Actions - The Financial Supervisory Service (FSS) initiated an on-site investigation of Coupang Financial in early September due to concerns over high loan interest rates charged to merchants [1][2]. - A notification was sent to Coupang Financial by the FSS, indicating that the formal audit will commence next week [1][2]. Group 2: Loan Products - Coupang Financial offers corporate loans based on merchants' sales performance on the Coupang platform, with interest rates reaching as high as 18.9% and loan amounts up to 50 million Korean Won [1][2]. Group 3: Compliance Issues - Previous on-site inspections by the FSS revealed potential violations of regulations by Coupang Financial [3]. - The FSS Chairman, Lee Chan-jin, stated that the company imposes "unacceptable rates" to achieve "excessive profits" [3].