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Daehoga sanctioned by KFTC for violations of franchise act

( August 3, 2016, 05:55 GMT | Insight) -- The Korea Fair Trade Commission has decided to impose a corrective order on Daehoga, which it has accused of violating the Fair Franchise Practices Act, Yonhap News reports. The Korea Fair Trade Commission has decided to impose a corrective order on Daehoga, which it has accused of violating the Fair Franchise Practices Act, Yonhap News reports. The company runs a traditional rice porridge restaurant franchise called Juk Story. It stands accused of unilaterally canceling contracts with franchisees for posting unfavorable texts about it on the Internet. According to the law, franchise companies must notify franchisees two months in advance before canceling contracts and explain in detail why they want to break the contract. Contract cancelations are valid only if a franchisee does not rectify problems that a franchise firm requests be corrected during the two-month noticeperiod. ...

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