Fair Trade Commission · Franchise
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FTC begins sanctions against 'Myungnyun Dang' for high-interest loans to franchisees; plans recurrence prevention measures
The Fair Trade Commission (FTC) has launched a formal investigation into Myungnyun Dang, the company behind the popular Myungnyun Jinsa Galbi franchise, over serious allegations of violating the Franchise Act. This move comes after an investigation revealed that the company secured low-interest loans from policy financial institutions, such as the Korea Development Bank, at rates between 3-6%. Ins…
KFTC Initiates Action Against Myungryun Dang Over High-Interest Franchisee Loans
The Fair Trade Commission (KFTC) has taken a significant step by initiating disciplinary proceedings against Myungryun Dang, the operator of the well-known 'Myungryun Jinsagalbi' franchise. This actio…