'Unilateral Contract Termination' BHC Fined Heavily... "Humbly Accepts"

Launch of the Dispute Autonomous Mediation Council

South Korea's second-largest chicken franchise BHC has stated that it will "humbly accept" the Fair Trade Commission's fine related to the unfair termination of franchise contracts. Additionally, it plans to launch a 'Dispute Voluntary Mediation Council' composed of external experts to proactively mediate disputes between franchisees and the headquarters.

On the 26th, BHC Chicken Headquarters said in a statement, "We humbly accept the Fair Trade Commission's decision resulting from the management's wrong judgment and handling," and added, "We will do our best to prevent recurrence in the future."

This action follows the imposition of a fine of 350 million KRW by the Fair Trade Commission after BHC was found to have unfairly terminated franchise contracts and stopped supplying goods.

BHC emphasized, "Unlike other Fair Trade Commission disciplinary cases, we will not file any administrative appeals or objections regarding this ruling."

Along with this, BHC plans to establish the 'Dispute Voluntary Mediation Council' to proactively mediate conflicts and opposing interests between franchisees and the headquarters.

BHC stated, "The new management acknowledges that there were some issues with the company's past wrong decisions and practices," and added, "We will listen with a more humble attitude and communicate actively for genuine coexistence with franchisees in the future."

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