South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.
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Fair Trade Commission Drives Payment of KRW 23.2 Billion in Outstanding Subcontract Fees Ahead of Chuseok via Complaint Center

South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.

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FTC to file criminal complaint against Eugene Construction Industry for non-payment of subcontract fees, highlighting enforcement actions against non-compliant businesses
#YonhapInfomax #FairTradeCommission #EugeneConstructionIndustry #SubcontractFees #CriminalComplaint #CorrectiveOrder #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60098
FTC to File Criminal Complaint Against Eugene Construction Industry for Failing to Pay Subcontractors

FTC to file criminal complaint against Eugene Construction Industry for non-payment of subcontract fees, highlighting enforcement actions against non-compliant businesses

Yonhap Infomax