Teukyakmaip System of Large Retailers

다국어 초록 (Multilingual Abstract)

Purpose - The debate over comprehensive measures to regulate unfair practices of large retailers is heating up in Korea, especially with regard to the frequent violations of the Teukyakmaip system by large retailers and its adverse effects on retail industry. The aim of this article is to explore and examine both benefits and consequences of the ‘Teukyakmaip’ system, to provide comprehensive and accurate information to decision makers, and to benefit the distribution industry. Research design – This research is designed to explore and assess the specific policy. As such, comprehensive analyses of the background and current status of the policy based on secondary data are employed. Telephone and personal interviews were conducted with employees of department stores and suppliers. Results – The research findings suggest that there are benefits and consequences of the system for both large retailers and suppliers. Conclusions – Promoting economic efficiency, eradicating monopoly and oligopolistic business structures, and combating unfair trade and business practices are the key and necessary variables in determining the success of this public policy debate and enactment.

목차 (Table of Contents)

• Abstract 1. Introduction 2. Discussion 3. Advantages and Disadvantages of Teukyakmaip System 4. Conclusions References