Earlier this year, the new leaders of the Business Competition Supervisory Commission (KPPU) published their initiative to achieve their work targets which consisted of three main sectors, namely energy (oil and gas), digital markets, and food security. In terms of digital markets, as we all know, prior to the appointment of the new leaders, the KPPU has started an investigation into Google. Then, the new leaders announced that it had completed an investigation into Shopee. The trial on the allegations against Shopee started in May 2024 and interestingly Shopee admitted to their wrongdoings. In July 2024, the reported parties signed a consent decree and stayed true to their words. Towards the end of last week, nearly four months after promising a behavioral change, the KPPU announced that the reported parties had fulfilled their obligations.To subscribe please click here
