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South Korea's antitrust regulator said Monday it has decided to fine discount store chain Homeplus 468 million won ($414,500) for unfairly passing on sales promotion costs to its contractors.
Homeplus violated the large retailer business act by making multiple suppliers shoulder the costs worth around 720 million won in 2017 without prior signing of related contracts, according to the Korea Fair Trade Commission (KFTC).
The KFTC also ordered the company to take corrective measures. (Yonhap)
Homeplus violated the large retailer business act by making multiple suppliers shoulder the costs worth around 720 million won in 2017 without prior signing of related contracts, according to the Korea Fair Trade Commission (KFTC).
The KFTC also ordered the company to take corrective measures. (Yonhap)
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