Why KOSPI 200 (KR200) fell 2.09%
KOSPI 200 (KR200) fell 2.09% on September 24, 2026 — Uber–Baemin antitrust probe delays $13.7B deal.
What happened
The FTC opened a formal antitrust review of Uber's $13.7 billion acquisition of Baemin's parent company Delivery Hero's South Korea unit, signaling potential obstacles to the deal's closing.
Why it moved
A deeper FTC review raises material risk that remedies will be required or the deal blocked entirely, dampening sentiment around Korean internet and consumer consolidation plays that depend on M&A momentum and…
Why it matters
KOSPI 200 fell 3% in line with its peer group median (–3.4%), tracking a sector-wide retreat in Korea Tech; the Baemin antitrust friction is a secondary overhang on an already cooling narrative around AI-chip…
What would break the thesis
If the FTC signals early clearance or minimal remedies required, deal anxiety unwinds and Korean internet sentiment can stabilize; conversely, a formal complaint or extended timeline deepens the selloff.