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Large South Korean retailers are targets of KFTC abuse-of-dominance probe

( January 24, 2017, 06:34 GMT | Insight) -- The Korea Fair Trade Commmission has decided to launch an investigation into large retailers over their abuse of market dominance, Asia Economy reports.The Korea Fair Trade Commmission has decided to launch an investigation into large retailers over their abuse of market dominance, Asia Economy reports. The target companies include Lotte Hi-Mart and CJ Olive Young. The commission plans to look into whether the retailers abused their market-dominant power by dumping promotional costs onto suppliers or using the employees of their suppliers unfairly. In 2012, the watchdog fined six home-shopping operators a total of 14.3 billion won ($12.3 million) and three large retailers a total of 23.8 billon won on similar charges. ...

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