FTC to probe 11 major department store and supermarket retailers for unfair business practices
The Korean Fair Trade Commission has announced a planned large-scale probe of 11 major department stores and supermarket chains. The investigation is to begin next month and will look into unfair business practices such as commission cuts and additional costs charged to vendors. The KFTC plans to publish results of the probe in May.
Source: Korea Herald
Related content: Using Competition Policy to Promote “Shared Growth” in Korea (Seonghoon Jeon, Sogang University & Korea Fair Trade Commission)
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