South Korea's National Tax Service has launched a sweeping probe into 14 companies, including Daehan Flour Mills, over alleged price-fixing and tax evasion totaling 500 billion won ($420 million), as authorities intensify scrutiny of monopolistic practices impacting consumer prices.
#YonhapInfomax #NationalTaxService #DaehanFlourMills #PriceFixing #TaxEvasion #ConsumerPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104526
'Price-Fixing' Probe Targets 14 Firms Including Daehan Flour Mills—Suspected Tax Evasion Totals 500 Billion Won
South Korea's National Tax Service has launched a sweeping probe into 14 companies, including Daehan Flour Mills, over alleged price-fixing and tax evasion totaling 500 billion won ($420 million), as authorities intensify scrutiny of monopolistic practices impacting consumer prices.
RBA Governor Says Inflation Unlikely to Return to Target Range Before Mid-Next Year
RBA Governor signals persistent inflation, warning that consumer prices are unlikely to return to target range before mid-2025, impacting market expectations.
President Lee Jae-myung vowed to mobilize all state powers to crack down on price-fixing and monopoly abuses fueling inflation, urging strict enforcement and systemic reforms to stabilize consumer prices.
#YonhapInfomax #PresidentLee #Inflation #PriceFixing #FairTradeCommission #ConsumerPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104060
President Lee Warns of Full State Power Against Price Fixing and Monopoly Abuse Driving Inflation
President Lee Jae-myung vowed to mobilize all state powers to crack down on price-fixing and monopoly abuses fueling inflation, urging strict enforcement and systemic reforms to stabilize consumer prices.
President Lee Jae-myung urged swift reforms to limit the Korea Fair Trade Commission's authority, calling for the abolition of its exclusive right to file complaints in cartel cases and stricter penalties for price-fixing, amid concerns over consumer impact and regulatory delays.
#YonhapInfomax #KoreaFairTradeCommission #PresidentLeeJaeMyung #CartelCases #LeniencyProvisions #ConsumerPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=103628
President Lee Says 'KFTC Holds Excessive Power—Exclusive Right to File Complaints Should Be Abolished'
President Lee Jae-myung urged swift reforms to limit the Korea Fair Trade Commission's authority, calling for the abolition of its exclusive right to file complaints in cartel cases and stricter penalties for price-fixing, amid concerns over consumer impact and regulatory delays.
President Lee Vows All-Out Efforts for Price Stability—Active and Preemptive Measures to Tackle Consumer Inflation
President Lee pledges comprehensive and proactive policies to stabilize consumer prices, signaling the government's strong commitment to curbing inflation.
Stable Oil Prices Tame Early-Year Inflation, but February Faces Risks from High Exchange Rates and Lunar New Year Demand
South Korea’s January inflation held steady at 2.0% on lower oil prices, but risks from a strong dollar and Lunar New Year demand could drive prices higher in February.
South Korea’s consumer prices are estimated to have risen 2.05% year-on-year in January, as high exchange rates and early-year price hikes add inflationary pressure, though the pace slowed due to a favorable base effect from last year’s elevated figures.
#YonhapInfomax #ConsumerPrices #YonhapInfomax #ExchangeRate #Inflation #CPIGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=102619
[Infomax Poll]Consumer Prices Rise 2.05% in January—“High Exchange Rate, Price Hikes Add Pressure”
South Korea’s consumer prices are estimated to have risen 2.05% year-on-year in January, as high exchange rates and early-year price hikes add inflationary pressure, though the pace slowed due to a favorable base effect from last year’s elevated figures.
People Power Party leader Jang Dong-hyuk criticized government cash handouts amid high inflation, likening them to "giving sugar water to diabetics," and called for supply-demand and distribution reforms to stabilize consumer prices ahead of the Lunar New Year.
#YonhapInfomax #Inflation #PeoplePowerParty #CashHandouts #ConsumerPrices #SupplyDemandStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=102503
Jang Dong-hyuk Says 'Cash Handouts Amid High Inflation Like Giving Sugar Water to Diabetics' - Yonhap Infomax
People Power Party leader Jang Dong-hyuk criticized government cash handouts amid high inf
December 2025 inflation hits 34.9% in Türkiye but only 0.1% in Switzerland. The EU average stands at 2.5%.
#Data #Inflation #Economy #ConsumerPrices #EuropeStats #HICP
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