Indonesia seeks global leadership through mangrove diplomacy

LF Networks was fined 400 million won... promotional costs were passed on to suppliers. LF Networks, a major domestic clothing company, was fined 400 million won by the Fair Trade Commission for passing on promotional costs to its suppliers. On the 22nd, the Fair Trade Commission announced that it had imposed a correction order and a fine of 400 million won on LF Networks for violating the unfair trade practices of large retailers. According to the Fair Trade Commission, LF Networks, which operates the popular clothing brands 'Tanto,' 'NINE WEST,' and 'RECIPE,' signed a contract with suppliers to pay for advertising and promotional expenses, but in reality, it passed on the costs to its suppliers. Between January 2019 and June 2021, LF Networks collected a total of 1.43 billion won in advertising and promotional expenses from 35 suppliers and used them for its own promotional activities. In particular, LF Networks not only collected advertising and promotional expenses from suppliers but also unilaterally decided on the details of the promotional activities, such as the timing and method of advertising, and the selection of promotional items. The Fair Trade Commission criticized LF Networks, saying that it abused its superior position to harm the interests of its suppliers. An official from the Fair Trade Commission said, "Large retailers should bear the costs of promotional activities themselves, and we will continue to crack down on unfair trade practices that harm suppliers."

4d ago ·hani.co.kr

UAE weather forecast: Temperatures to dip today before rising again later this week

Dubai: Temperatures are expected to fall gradually across the UAE today, particularly in coastal areas, while winds could reach 40km/h and cause blowing dust, the National Centre of Meteorology (NCM)…

• Temperatures to dip today in Dubai, especially in coastal areas
• Winds may gust up to 40km/h, causing dust dispersal
• Inland areas to reach highs of 44°C to 48°C

4d ago ·gulfnews.com