Consumer Co-ops Transferred to SME Ministry

South Korea's National Assembly passed an amendment transferring oversight of consumer cooperatives from the Fair Trade Commission to the Ministry of SMEs and Startups to support growth.

Large Firms Must Disclose Interest Rates

South Korea's Fair Trade Commission requires conglomerates with over 5 trillion won in assets to disclose interest rates, collateral, and other details in inter-affiliate financial transactions starting this year.

Franchise Industry Structural Problems Need Resolution

Franchisees of Yaksonmyeongga filed a 17.3 billion won lawsuit against headquarters over unfair practices including excessive fees, consulting charges up to 15% of sales, and unauthorized cost transfers.