Posted : 2021-05-25 09:16
Updated : 2021-05-25 13:58
Genesis BBQ Chairman Yoon Hong-geun speaks during the company s 25th anniversary held at its research and development institute, Chicken University, in Icheon, Gyeonggi Province, in August 2020. Courtesy of Genesis BBQ
By Kim Jae-heun
The Fair Trade Commission has decided to punish BHC and BBQ for canceling their franchise contracts with restaurant owners who joined hands to deal with coercive and unfair demands made by the fried-chicken chains.
The top watchdog said it will impose a 15.3 billion won penalty on Genesis BBQ and a 500 million won penalties on BHC and ordered the companies to comply.