Financial Consumer Agency boycotts Lotte Group's products, services over family feud
- 9 years ago
A local non-profit organization has declared a boycott of ALL products and services from Lotte Group and its affiliates... saying the conglomerate's actions show it has no consideration for the community or its customers.
The Financial Consumer Agency says the ongoing family feud at the top of Lotte Group is based on greed and individual interests.
The agency also says it's a clear example of the social indifference Korea's largest family-run business groups,... known as "chaebol," have toward the local community.
It adds that questionable inter-affiliate deals and shady internal transactions have fueled growing economic inequality in Korea.
The agency is calling on consumers to join its boycott of Lotte in a show of protest against the way chaebols operate.
The agency is also pushing for a probe to see if Lotte Group has engaged in immoral business practices,... such as tax evasion.
The Financial Consumer Agency says the ongoing family feud at the top of Lotte Group is based on greed and individual interests.
The agency also says it's a clear example of the social indifference Korea's largest family-run business groups,... known as "chaebol," have toward the local community.
It adds that questionable inter-affiliate deals and shady internal transactions have fueled growing economic inequality in Korea.
The agency is calling on consumers to join its boycott of Lotte in a show of protest against the way chaebols operate.
The agency is also pushing for a probe to see if Lotte Group has engaged in immoral business practices,... such as tax evasion.