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Baemin to exclude delivery fee discounts from commissions to ease partner burden

Woowa Brothers said on Nov. 12 it will revise the terms of its Baemin Delivery service to exclude partner-funded food price and delivery fee discounts from brokerage and payment settlement fee calculations. The company estimated annual fee savings at 110 billion won. It said delivery fee discounts will also be excluded following requests from major small business groups in the restaurant industry. CEO Beomseok Kim said the change strengthens the operating principle of deducting partner-funded discounts in platform fee settlements.