South Korea's Fair Trade Commission has begun a preliminary review of Uber's proposed acquisition of Delivery Hero, the German company that controls Baemin operator Woowa Brothers. The review will examine whether combining Uber's Korean mobility business with control of the country's largest delivery app could restrict competition.
Delivery Hero owns 99.98 percent of Woowa Brothers, according to Korean reporting. The case could shape how taxi, delivery, memberships and advertising are linked if the global transaction proceeds.