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Adidas Korea CEO under fire for franchise dispute, faces parliament contempt claims

By Wooyoung Lee ( October 21, 2024, 10:57 GMT | Insight) -- Adidas Korea CEO Peter Kwak found himself in hot water today when details of a long-running dispute with a group of franchise owners was examined during an afternoon session of the audit hearing for South Korea’s competition regulator. Kwak appeared before the National Assembly hearing, where his company was the subject of intense questioning and antitrust scrutiny. He was also accused of contempt of parliament for responding to lawmakers’ questions in English.Adidas Korea CEO Peter Kwak found himself in hot water today when details of a long-running dispute with a group of franchise owners was examined during an afternoon session of the audit hearing for South Korea’s competition regulator....

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