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South Korea’s Myeong Ryun Dang Faces Probe for Alleged Low-Interest Loans

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Seoul, July 6 (IANS) South Korea’s fair trade watchdog said on Monday it has launched a deliberation process into Myeong Ryun Dang, which operates a Korean barbecue restaurant chain, for allegedly offering low-interest loans to its money-lending affiliates using funds from state financing programmes.The Fair Trade Commission (FTC) said its examiners’ report showed Myeong Ryun Dang, which operates Myeong Ryun Junsa Pork Ribs, offered excessive economic benefits to 14 credit businesses under its w…