The Fair Trade Commission confirmed on the 16th that it has commenced a field investigation into the headquarters of Hyundai LIVART and ACE BED. This is due to allegations of violations of the agency law.
According to the furniture industry, the Fair Trade Commission dispatched researchers to the headquarters of Hyundai LIVART and ACE BED, located in Gyeonggi Province, to secure related materials such as agency contracts and internal documents.
Since both companies operate a nationwide network of agencies, they appear to be examining whether there were any unfair practices during the transaction process.
This investigation is reported to aim to determine the circumstances of violations of the agency law, including whether the headquarters forced promotional expenses or passed on expenses for interior and facility investments.
The Fair Trade Commission typically determines violations after field investigations, followed by summoning relevant parties for questioning and analyzing materials. If a violation is confirmed, corrective orders as well as penalty surcharges or even prosecution could be possible.
A Fair Trade Commission official said, 'We are examining the overall allegations of agency law violations by the two companies.'