This was revealed at the’Distribution-Supply Industry Win-Win Agreement Ceremony’
Policy to cut commissions during the promotion period
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Fair Trade Commissioner Cho Sung-wook emphasized, “We must realize that the distribution industry and the supply industry are a community of fate, free from the confrontational structure of’Kaul’.
Chairman Cho said at the’Distribution-Supply Industry Win-Win Agreement Ceremony’ held at the Small and Medium Business Federation on the 2nd, “I am grateful that many distributors participated in the win-win cooperation and promised to cut sales commissions, exempt minimum guarantee fees, early payment of delivery prices, and support advertising expenses. “I do,” he said. 17 retailers including outlets and shopping malls participated in the win-win agreement.
Chairman Cho said, “We will support active win-win efforts by the distribution industry and the supply industry to overcome the crisis by extending the application period for the easing of the KFTC’s promotion cost sharing standard, and will continue to support the distribution industry, the supply industry, and the Fair Trade Commission. I am confident that this step we have taken to overcome the crisis will be a new hope.”
With this agreement, large retailers such as department stores, hypermarkets, online shopping malls, and outlets are ▲reduced sales fees during promotional events compared to usual ▲Exemption from the minimum guarantee fee during promotional events or the month of the event period ▲Early payment for delivery ▲In case of promotional events It plans to support coupons and advertising expenses.
Meanwhile, the Fair Trade Commission decided to extend the’promotional event guideline’ by one year until the end of this year. This guideline aims to reduce the burden of promotion costs on suppliers when conducting discount events by large retailers.
/ Sejong = Reporter Yang Chul-min [email protected]
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