Large retailers face higher fines for abuse of power under FTC's proposal

South Korea's Fair Trade Commission proposes new rules to impose higher fines on large retailers abusing suppliers, with penalties possibly reaching 10% of the value of goods purchased from affected suppliers. The changes also include stricter penalty rates, harsher treatment of repeat offenders, and reduced leniency for cooperation or voluntary correction.

This Wire brief sits within Fusion42's coverage of Retail Tech.