FTC and FSC Pressure Myeongryun Jinsa Galbi Operator Over Policy-Fund Loan Controversy

South Korea’s Fair Trade Commission and Financial Services Commission have begun simultaneous pressure on Myeongryundang, the company that operates the restaurant brand Myeongryun Jinsa Galbi. The company has been identified in a controversy over allegedly using low-interest policy funds for high-interest lending. The case is drawing attention because it concerns the purpose of policy funding, how such funds are actually managed, and financial practices in the franchise and restaurant sector. The regulators’ move suggests the dispute over Myeongryundang’s fund operations could grow into a broader institutional issue. Future decisions and follow-up measures may affect the restaurant franchise industry. Source: yna.co.kr