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South Korean FTC fines department stores for abusing contractors

Staff Writer |
The Fair Trade Commission (FTC) slapped a combined 2.2 billion won ($1.94 million) in fines on six local department stores.

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They were fined for abusing their power to control their subcontractors.

Shinsegae Department Store, Lotte Department Store, Hyundai Department Store, Hanwha Galleria, NC Department Store and AK Plaza were accused of refusing to give back written contracts to their suppliers, or forcing the suppliers to pay for interior remodeling.

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