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.
