A PYMNTS Company

South Korea: Namyang Dairy co slammed for bullying distributors

By  |  July 8, 2013

South Korea’s competition regulator issued a $10.7 million fine of dairy giant Namyang Dairy Products after finding the company abusive of its market dominance. Reports say the Fair Trade Commission found the company guilty of forcing unfair contracts on its smaller distributors between 2007 and May of this year. The FTC found that about 20-35 percent of those distributors’ products supplies came from Namyang. The company will now be referred to prosecutors, said the FTC. Controversy erupted over the same company when a YouTube video surfaced of a Namyang sales representative threatening a distributor if the distributor did not buy more products, despite the distributor not being able to sell them.

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