Samyang Corp. has apologized for its involvement in sugar price-fixing, pledging stronger compliance, new anti-collusion rules, and withdrawal from the Korea Sugar Association following the Fair Trade Commission’s probe.
#YonhapInfomax #SamyangCorp #FairTradeCommission #PriceFixing #Compliance #KoreaSugarAssociation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=105228
Samyang Corp. Issues Apology Over Sugar Price-Fixing—Withdraws from Association, Implements Anti-Collusion Measures
Samyang Corp. has issued a public apology after South Korea’s Fair Trade Commission found it engaged in sugar price-fixing, pledging to strengthen compliance, revise internal controls, and withdraw from the Korea Sugar Association to prevent future collusion.
South Korea's Fair Trade Commission fined CJ CheilJedang, Samyang Corp., and Daehan Sugar a combined 408.3 billion won ($305 million) for colluding to fix sugar prices, marking the second-largest cartel penalty in Korean history.
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'Sugar Price-Fixing'—CJ CheilJedang, Samyang Corp., and Daehan Sugar Hit with 408.3 Billion Won Fine
South Korea's Fair Trade Commission fined CJ CheilJedang, Samyang Corp., and Daehan Sugar a combined 408.3 billion won ($305 million) for colluding to fix sugar prices, marking the second-largest cartel penalty in Korean history.
Samyang Corp. has received official approval for its Nexweet Allulose as a novel food in China, enabling direct supply and export expansion amid rising demand for low-calorie sweeteners.
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Samyang Corp. Accelerates China Market Push as Allulose Wins Novel Food Approval
Samyang Corp. has received official approval for its Nexweet Allulose as a novel food in China, enabling direct supply and export expansion amid rising demand for low-calorie sweeteners.
Samyang Corp. to Sell JB Financial Stake Exceeding 15% - Authorities - 'Difficult to Make Exception for Industrial-Financial Separation'
Samyang Corp. faces pressure to sell JB Financial shares exceeding 15% stake limit as authorities reject voting rights restriction proposal, potentially leading to market overhang.
Samyang Corp. and SK enmove Record Double-Digit Underpricing in Corporate Bond Demand Forecast
Samyang Corp. and SK enmove successfully raise funds through corporate bonds with significant underpricing, attracting strong investor demand amid favorable market conditions.
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