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Korea Fair Trade Commission fines Kia Motors for unfair trade practice

( July 28, 2015, 08:10 GMT | Official Statement) -- MLex Summary: The Korea Fair Trade Commission on Tuesday issued a correction order and fined Kia Motors Co., an affiliate of Hyundai Motor Co., 500 million won ($427,200) for an intrusive, restrictive and unfair trade practice designed to favor corporate-run dealerships. The car manufacturer limited the number of car sales personnel at contracted dealerships by refusing to provide sales identification numbers for new employees. The policy was initially introduced in September 2006.The regulator's full statement, in Korean, is attached....

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