On the 27th, it was reported that the Korea Fair Trade Commission launched on-site inspections of Musinsa and Hi-Mart to verify suspected violations of the Large-scale Distribution Transactions Act.
According to industry sources that day, the Korea Fair Trade Commission (FTC) sent a Researcher to the headquarters of Musinsa and Hi-Mart to secure related materials. On the 20th, the Korea Fair Trade Commission (FTC) also conducted on-site inspections of Olive Young and Asung Daiso Co.
The Large-scale Distribution Transactions Act prohibits large retailers from unfairly cutting product payments or delaying the payment of sales proceeds when engaging in a transaction with small and midsize suppliers or tenant stores.
An official at the Korea Fair Trade Commission (FTC) said, "It is difficult to speak about the specifics of the case."