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KFTC issues correction order to stationary store chain for violating franchising regulations

( March 25, 2015, 08:31 GMT | Official Statement) -- MLex Summary: The KFTC issued correction orders to Alpha Co., a stationary store chain, for violating the nation’s franchising regulations. From October 2011 to July 2014, Alpha’s corporate headquarters entered into contracts with 72 Alpha franchises and received 311.7 million won ($282,800) in franchise deposits without following the nation’s requirement for the franchisee to entrust the deposit to the proper financial institution and acquire the proper insurance required for franchisees to protect franchisers....

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