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Lotte, Shilla duty-free stores in South Korean collusion probe

( October 12, 2017, 05:26 GMT | Insight) -- The Korea Fair Trade Commission has launched an investigation of alleged collusion between Shilla and Lotte duty free stores, Yonhap News Agency reports.The Korea Fair Trade Commission has launched an investigation of alleged collusion between Shilla and Lotte duty-free stores, Yonhap News Agency reports. The KFTC said it had secured materials related to suspected collusion by the two duty-free retailers. It carried out an on-site investigation at the retailers' stores at Incheon International Airport yesterday, the report added. In March, the KFTC fined Lotte and Shilla a combined 1.8 billion won ($1.59 million) for colluding to eliminate electronic goods that had low profit margins from their discounted product line....

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