Police Launch Special Crackdown on 'Housing Price Collusion and Ticket Scalping' Crimes Affecting Livelihood Prices
The police in South Korea have initiated a special crackdown on crimes affecting livelihood prices, including housing price collusion and ticket scalping.
Paris Baguette and Tous les Jours to Lower Bread Prices Following President Yoon's Criticism of Price Collusion
In response to President Yoon's pressure to reduce prices due to alleged price collusion, major Korean bakery chains have announced price cuts on various bread products and cakes.
Fair Trade Commission Investigates School Uniform Price Collusion Involving Four Manufacturers and 40 Agencies Nationwide
The Fair Trade Commission of South Korea launched a nationwide investigation into suspected collusion among school uniform manufacturers and retailers following complaints about high prices.
Prosecutors Conduct Search and Seizure on CJ CheilJedang and Daesang Over Starch Sugar Collusion Allegations
Prosecutors in South Korea have launched a forced investigation into four domestic food companies, including CJ CheilJedang and Daesang, over allegations of price collusion in the starch sugar market.
Bidding Rate 98%... Citizens' Group Raises Allegations of Price Collusion in Gwangju School Uniform Bidding
A citizens' group in Gwangju has raised allegations of price collusion among school uniform suppliers after examining recent bidding data.
‘Price Collusion’ in Hanam Apartment Investigation Expanded... Gyeonggi Province Goes All Out Against Real Estate Illegality
Gyeonggi Province has expanded its investigation into a price-fixing scandal involving a Hanam apartment complex, targeting all participants in the price collusion scheme.
The Fair Trade Commission has issued a ‘price re-determination order’ for the first time in 20 years...initiating a review of flour collusion
The South Korean Fair Trade Commission has initiated a review into alleged collusion among major flour manufacturers, marking the first use of a 'price re-determination order' in 20 years.
Korea Fair Trade Commission Imposes 408.3 Billion Won Fine on Three Sugar Companies for Price Collusion
The Korea Fair Trade Commission has imposed a fine of 408.3 billion won on three sugar companies for colluding on sugar prices over a four-year period.
Jung Sung-ho: "We must make them realize that collusion will ruin both the company and their lives"
South Korea's Minister of Justice, Jung Sung-ho, advocates for severe penalties for both individuals and companies involved in price-distorting collusion to prevent repeated offenses.
Food industry caught in 'collusion'... Prices of sugar and flour drastically reduced
In response to collusion allegations regarding sugar and flour pricing, major companies are reducing their product prices, with a notable average decrease of 5% to 6% on certain items by CJ CheilJedang and others.
Korea’s Fair Trade Commission Begins Review of Allegations of Price Collusion by Egg Producers Association
The Korea Fair Trade Commission is reviewing allegations that the Korean Egg Producers Association colluded to inflate egg prices, resulting in potential corrective measures and penalties against the association.
The price of these goods "rises several times a day" – residents suspect sellers of collusion
Residents in Klaipėda express concerns over rapidly increasing prices of wood pellet fuel, suspecting sellers of collusion due to scarce supply.
Wheat flour price collusion of 6 trillion discovered… President Yoon says "the prosecution has achieved great results"
Prosecutors indicted 20 individuals, including CEOs of six flour milling companies, for colluding to manipulate wheat flour prices in South Korea, prompting President Yoon Suk-yeol to commend the prosecution's efforts.