Homeplus Slapped With 435 Million in Fines

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Gugak Center

The antitrust watchdog said today it has fined retail giant Homeplus and its affiliate Homeplus Tesco for providing local insurers with the personal information of applicants for giveaway events.

The 435 million won fine was slapped on the retailers after they collected information on customers between August 2011 and June 2014, the Fair Trade Commission (FTC) said.

Homeplus, which has more than 21,000 employees, was ordered to pay 325 million won, while 110 million won in fines was levied on Homeplus Tesco.

The two companies are controlled by Tesco PLC, a Britain-based grocery and merchandise store.

The FTC said the companies either failed to notify or did not take proper measures to clearly tell customers that by applying for giveaways, the information they were providing could be passed on to insurance companies.

It said that there was no or little clear notice on ads, Internet homepage sites or receipts that taking part in gift sweepstakes events could result in personal information being shared.

Source: Busan eFM News


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