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The Korea Herald
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THE INVESTOR
March 29, 2024

Retail & Consumer

FTC probes Daiso for unfair biz practices

  • PUBLISHED :August 03, 2017 - 17:09
  • UPDATED :August 03, 2017 - 17:09
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[THE INVESTOR] The Fair Trade Commission has recently started probing Daiso A-Sung, best known for its household item chain brand Daiso, following allegations of unfair treatment of suppliers, industry sources said on Aug. 3.

The latest case comes amid the antitrust watchdog’s ongoing investigations into the so-called “category killers” -- big retail chain shops that sell products of multiple brands at cheaper prices. 




The FTC is looking into whether their robust sales in recent years has any connection to their unfair business practices with suppliers such as dumping inventories and slashing supply prices. Other top retailers Hi-Mart and Olive Young are also under investigation.

Seoul-based Daiso, established in 1992, operates more than 1,000 outlets across the nation. Over the past two years, its sales surged from 890 billion won (US$789.21 million) to 1.3 trillion won. Operating profit also doubled to 113.1 billion won during the same period.

Sources said the FTC also plans to investigate  Amorepacific’s retail shop Aritaum for mistreatment of franchisee owners.

By Song Seung-hyun (ssh@heraldcorp.com)

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