Suspension of Supplier Orders After Discovery of Minor Employment
Some Groups Oppose UK Stock Market Listing Due to Labor Issues

Chinese fast fashion platform Shein announced that it identified two cases of child labor last year.

[Image source=Yonhap News]

[Image source=Yonhap News]

View original image

According to major foreign media on the 23rd (local time), Shein revealed in its annual sustainability report on the 22nd that it discovered children under the age of 15 employed by manufacturers producing products for the company.


However, Shein did not disclose where the child labor cases occurred. Shein stated, "When violations (employment of minors) were discovered, we stopped placing product orders with the suppliers," and added, "Corrective measures such as terminating contracts with minor employees and paying unpaid wages were also implemented." Shein mainly sources its products from China.


This issue could affect Shein's listing on the London Stock Exchange in the UK. Shein is reported to have confidentially submitted IPO-related documents to the UK market regulator, the Financial Conduct Authority (FCA), in early June. Some human rights organizations, including Amnesty International UK, oppose Shein's listing on the London Stock Exchange due to labor and other concerns.



Meanwhile, Shein reportedly submitted listing-related documents secretly to the U.S. Securities and Exchange Commission (SEC) last year but has faced difficulties amid the ongoing U.S.-China tensions.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing