bhc "BBQ to Pay 17.9 Billion Won in Compensation"

[Asia Economy Reporter Moon Hyewon] bhc announced on the 14th that it paid the full compensation amount on the 11th following the lawsuit result for 'logistics service fees' against Genesis BBQ and its affiliates.

This action follows the court ruling on the 9th, where the court partially ruled in favor of the plaintiff in the lawsuit filed by bhc against Genesis BBQ and two of its affiliates regarding logistics service fees and other claims.

The payment amounts by affiliate are as follows: BBQ (Genesis BBQ) KRW 17.05 billion, GNS F&B KRW 540 million, GNS Ol Tteok KRW 380 million, totaling KRW 17.97 billion.

In 2013, BBQ sold its subsidiary bhc and signed a contract stipulating that bhc would supply logistics services and food ingredients to BBQ affiliates for 10 years. However, during subsequent transactions, citing concerns over leakage of trade secrets, BBQ notified in April 2017 that it would terminate the logistics service contract.

In response, bhc filed a lawsuit claiming that "BBQ's reason for contract termination notification is a unilateral claim that is not true," seeking compensation for fees that would have been received if the contract had not been terminated.

A bhc official stated, "If there is fault, compensation is required, but if there is no fault, the court would not order even 100 won in compensation. We hope that BBQ now acknowledges its fault, reflects on it, apologizes to the affected company, and strives for industry development through fair competition."

The Genesis BBQ side commented on the ruling, saying, "The compensation amount set for damages is KRW 9.97 billion, which is only 4% of the amount claimed by bhc. We will make the payment for now and strive to prove the legitimacy of the contract termination in the appeal trial."

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