Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks 
Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit 
SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Netflix Stock Drops After Weak Q3 Outlook Overshadows Mixed Q2 Earnings 
Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Uber to Acquire Delivery Hero in $14.8 Billion Deal to Expand Global Food Delivery Business 
Coupang Eats and Baemin (Baedal Minjok) are two of the leading food delivery services in South Korea, and both are now facing boycotts due to their soaring delivery fees. Both the restaurants and customers are said to be preparing to cut them off as they complain about the rates.
According to The Korea Times, a growing number of Koreans are now opting to pick their orders up instead of delivery since they no longer find the fees to be fair. Baemin and Coupang Eats recently raised delivery fees again and this led to the people’s decision not to use their services anymore.
It was in February when Coupang Eats implemented a new pricing scheme for single orders and Baedal Minjok followed suit and announced a delivery price hike late last month. The companies were said to have started charging commission fees of 6.8% and 9.8% of the foods’ total amount.
The move forced restaurants to shoulder the delivery costs that can go from ₩5,400 ($4.36) to ₩6,000. Other restaurants split the delivery fees with their customers but if they would like to increase their earnings, they must charge a bigger percentage to customers which is not a good idea because they may just lose their customers in the end.
"Baemin lists the names of restaurants on its app in order of low delivery prices and that means restaurant owners have to shoulder more delivery expenses to attract customers,” a 34-year-old restaurant owner explained. “Baemin 1 is a one-order-per-delivery service run by Baemin and its new pricing system for single-order delivery services only profits delivery firms so I am thinking of boycotting both Baemin 1 and Coupang Eats."
For its part, the owner of Baemin, Woowa Brothers, said that its new pricing system was designed to benefit the delivery riders and not the company. A company official said, "If we get a ₩10,000 online order, we take ₩680 as a commission fee and restaurants have to pay delivery drivers ₩6,000. It is up to each restaurant whether they will shoulder the entire ₩6,000 or charge customers a certain percentage of it."
