Closure of Three Multi-Level Marketing Companies: The Hue & Company, Atoz Saenghwal Geongang, and E&Nature

Fair Trade Commission Discloses Key Information Changes of Multi-Level Marketing Sellers in Q1

[Asia Economy Reporter Joo Sang-don] In the first quarter of this year, three multi-level marketing (MLM) companies?The Hue & Company, Atoz Life Health, and E&Nature?went out of business. Six companies?The Olga, Global Platform Solution, Wieop Global, Human Nature Korea, New Future So, and Abslee?registered as new MLM operators.

The Korea Fair Trade Commission (KFTC) disclosed on the 8th the major information changes of MLM operators for the first quarter of 2020, including these details.

To legally operate an MLM business, registration with the mayor or governor of the city or province having jurisdiction over the main office is required under the Act on Door-to-Door Sales, etc.

Accordingly, as of the end of March, the total number of registered MLM operators was 138. With six new registrations and three closures, the number increased by three compared to the previous quarter. Additionally, 13 companies, including GL Korea, Happy Run, and Stemtec Korea, changed their trade names or addresses.

A KFTC official stated, "For businesses that frequently change their trade names, main business addresses, or phone numbers, unexpected consumer damages such as difficulties in refunds may occur. It is necessary to check more carefully when dealing with such companies."

Meanwhile, detailed information on MLM operators can be found on the KFTC website.

This content was produced with the assistance of AI translation services.