Unfair Practice Archives | Be Korea-savvy
Pizza Hut Fined 526 Mln Won for Unfair Marketing Fee

Pizza Hut Fined 526 Mln Won for Unfair Marketing Fee

SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s anti-trust regulator on Tuesday slapped a 526 million won (US$437,000) fine on Pizza Hut Korea for its unfair business practice against local outlets. The U.S.-based restaurant chain has collected a total of 6.8 billion won from franchisees here in the name of marketing and management fees outside [...]

FTC Forces Publishers to Stop Unfair Practice of “Outright Purchase” on Authors

FTC Forces Publishers to Stop Unfair Practice of “Outright Purchase” on Authors

SEOUL, Aug. 29 (Korea Bizwire) — From now on, book publishers will need explicit permissions from the authors for all creative works including children’s storybooks when they use the contents for secondary purposes. The Fair Trade Commission said on August 28 that it has ordered Korea’s top-20 publishing houses to improve their terms and conditions with authors including [...]