The Korean Federal Trade Commission (KFTC) has issued a direction to Samsung Electronics (Samsung) to take corrective steps to curb Samsung’s meddling with business operations of its authorised retail stores. According to KFTC, it was alleged that Samsung, starting from January 2017 through September 2023, compelled its authorised retailers to disclose the retail price information of 15,389 products, including refrigerators and washing machines, to Samsung. KFTC further pointed out that such an interference violates, the “fairness” objective under Korea’s franchise transactions act.
