Assemblyman Min Hyung-bae Publishes Operation Report of the 'Unfair Trade Abuse Reporting Center'
16 Cases Referred to the Fair Trade Commission for Investigation
[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Min Hyung-bae (The Democratic Party of Korea, Gwangsan-eul, Gwangju) announced on the 8th that he published an operation report of the ‘Unfair Trade Abuse Reporting Center’ and requested an investigation by the Fair Trade Commission on the same day.
The reporting center was established on the 1st of last month at the Democratic Party Gwangsan-eul District Committee office. More than 30 various cases have been reported so far, including abuse of power by large corporations, unfair trade in distribution, and franchise unfair trade.
Min first organized 16 cases and delivered them to the Fair Trade Commission, urging a prompt investigation.
SM Pure Co., Ltd., a disinfection equipment manufacturer, complained of abuse of power by Samsung, a large corporation, in supplying motors, and unfair practices in LG’s battery supply process.
Froebel Media and Froebel House, companies producing educational materials for infants, are cases already reported to the committee by five regional companies including Gwangju Froebel.
‘Noksaek Jipangi,’ a holding company, was reported for suspected irregularities such as ‘leveraged buyout transactions using company shares as collateral’ during the succession of management rights over three generations including the founder.
A local small and medium-sized enterprise (iMill) pointed out the issue of Ildong Foodis continuing to use similar trademarks despite losing seven trademark lawsuits.
Additionally, the report included cases such as the ‘Item Winner’ policy that turns Coupang sellers on the online platform into ‘fraudulent sellers,’ and the workers of Geukdong E&G, a multi-level subcontractor at OB Beer’s Gwangju factory suffering from wage arrears.
Min said, “Through operating the center, I was able to feel that various abuses of power are widespread throughout our society, and my heart ached for the pain of the underprivileged,” adding, “I hope related organizations such as the Fair Trade Commission and the Anti-Corruption and Civil Rights Commission will correct these issues through swift and accurate investigations.”
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Meanwhile, the reporting center will operate until the end of the year and plans to publish additional reports and review progress.
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