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Photo = Fair Trade Commission |
[Alpha Biz= Kim Jisun] A major golf club importer has been fined a significant amount for engaging in price-fixing practices. According to the Fair Trade Commission, the company forced retailers to sell its products at fixed prices, restricting market competition and harming consumers.
Investigations revealed that the company monitored retailers and imposed penalties on those who sold products at lower prices. Such actions violated fair trade laws, leading to a substantial fine.
Authorities emphasized that price-fixing distorts market dynamics and vowed to continue strict enforcement against similar unfair practices. The company has stated that it will review the decision and consider legal action.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
