Yonhap Infomax NewsSouth Korea’s Fair Trade Commission has begun sanctions against seven major flour millers, including CJ CheilJedang, over alleged price and volume collusion that impacted 5.8 trillion won ($4.9 billion) in sales, with potential fines reaching up to 20% of affected revenue.
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https://en.infomaxai.com/news/articleView.html?idxno=105992
Korea Fair Trade Commission Launches Probe into Seven Flour Millers Including CJ CheilJedang Over Alleged Price Collusion
South Korea’s Fair Trade Commission has begun sanctions against seven major flour millers, including CJ CheilJedang, over alleged price and volume collusion that impacted 5.8 trillion won ($4.9 billion) in sales, with potential fines reaching up to 20% of affected revenue.