FTC fines Eland Retail for violating promotion rules

Home > Business > Industry

print dictionary print

FTC fines Eland Retail for violating promotion rules

Korea’s antitrust regulator said Sunday that it has fined Eland Retail 213 million won ($179,000) for passing on sales promotion expenses to hundreds of its suppliers.

The Fair Trade Commission said Eland Retail made its 314 suppliers pay a combined 215 million won - which was not included in written agreements on sales promotional expenses - during sales promotion events at 17 outlet stores in 2017.


Yonhap

More in Industry

Contract signed for Covid-19 vaccine

Teas the season

Empty Chairs at Empty Table

Is China's post-Thaad ban on Korean games finally over?

Local fast fashion booms as Uniqlo tanks, pandemic hits

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now