Search results for Daehan Sugar
Industry
SPC, CJ Foodville to cut bread prices; focus turns to instant noodles and confectionery
SPC and CJ Foodville will cut prices for bread and cakes at Paris Baguette and Tous Les Jours starting March 12 to 13. Paris Baguette will lower prices on 11 items, while Tous Les Jours will cut supply prices for 17 items and reduce some character cake prices. The companies cited efforts to support price stability and ease consumer burdens. The market is watching whether the move spreads to instant noodles and confectionery.
Industry
South Korea fines CJ CheilJedang, Samyang and Daehan 408.3 billion won for sugar price collusion
South Korea\'s Fair Trade Commission imposed a combined 408.3 billion won in fines on CJ CheilJedang, Samyang and Daehan Sugar after finding they colluded on sugar prices. The regulator said the firms agreed eight times on the timing and scale of price changes from February 2021 to April last year. It said they maintained collusion even after the FTC began an investigation in March 2024. CJ CheilJedang and Samyang announced corrective measures and apologised.
Industry
Korea FTC fines three sugar makers 408.3 billion won for price rigging
South Korea\'s Fair Trade Commission said on Feb. 12 it will impose corrective orders and total fines of 408.3 billion won on CJ CheilJedang, Samyang Corp and Daehan Sugar for colluding on B2B sugar prices. The FTC said the companies agreed and carried out coordinated price hikes and cuts from February 2021 to April last year, aligning eight price changes. It also ordered steps to prevent recurrence and reporting for three years.