South Korea's Fair Trade Commission reported that the cash payment ratio for subcontracting reached a record 86.19% in H2 2024, with total payments exceeding 91.6 trillion won ($65.2 billion), reflecting improved transparency and promptness in chaebol payment practices.
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FTC launches task force to address subcontract payment issues in construction industry amid economic downturn, aiming to enhance payment stability and protect subcontractors
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