Yonhap Infomax NewsSouth 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.