South Korea’s Fair Trade Commission and seven major restaurant chains, including CJ Foodville, will now require at least one week’s advance notice to consumers before price hikes or product downsizing, aiming to enhance transparency and curb excessive increases.
#YonhapInfomax #FairTradeCommission #CJFoodville #PriceIncrease #RestaurantChains #ConsumerNotification #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107263

President Lee Jae-myung praised Vice Prime Minister Koo Yoon-chul for intensifying government action on consumer prices, including reforms to tariff quotas and oversight of school uniform and private education fees, emphasizing a crackdown on unfair and illegal practices.
#YonhapInfomax #PresidentLee #KooYoonChul #TariffQuota #ConsumerPrices #FairTradeCommission #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107017

South Korea’s Fair Trade Commission urges major flour millers, including CJ CheilJedang, to cut wheat flour prices by over 10% amid ongoing antitrust probe into alleged price collusion affecting 5.8 trillion won in sales.
#YonhapInfomax #FairTradeCommission #CJCheilJedang #WheatFlourPrices #PriceCollusion #SouthKoreaMarketShare #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106318

South Korea’s Fair Trade Commission Chair Joo Byung-ki refuted claims that Coupang cannot face business suspension after its data breach, stating the option remains open as investigations continue.
#YonhapInfomax #Coupang #FairTradeCommission #DataBreach #BusinessSuspension #PersonalInformationLeak #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106313

The Fair Trade Commission has filed a criminal complaint against Youngone Chairman Sung Ki-hak for omitting 82 owner family-controlled companies from disclosure filings, evading large business group designation for three years, with the omissions totaling 3.24 trillion won ($2.43 billion) in assets.
#YonhapInfomax #FairTradeCommission #Youngone #SungKiHak #DisclosureOmission #TrillionWonAssets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106275

South Korea’s Fair Trade Commission fined Semics 36 million won for violating subcontracting law by unlawfully requesting technical data from a supplier, underscoring stricter enforcement to protect SMEs’ proprietary information.
#YonhapInfomax #Semics #FairTradeCommission #SubcontractingLaw #TechnicalData #36MillionWonFine #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106160

South Korea’s Fair Trade Commission is not considering a business suspension for Coupang Inc. after a major data breach, citing a lack of evidence of personal data misuse, while lawmakers urge accurate disclosure amid discrepancies between Korean and U.S. reports.
#YonhapInfomax
#Coupang #FairTradeCommission #DataBreach #PersonalData #SECDisclosures
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105876

South Korea's Fair Trade Commission fined International Pharmaceutical Co. 300,000 won for providing illegal rebates to hospitals over four years, citing violations of antitrust law and warning of continued scrutiny in the pharmaceutical sector.
#YonhapInfomax #InternationalPharmaceutical #FairTradeCommission #Rebate #AntitrustLaw #300000WonFine #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105689

Daehan Sugar Co. apologized after South Korea's Fair Trade Commission found it engaged in sugar price collusion, pledging stricter compliance and internal controls to prevent future violations.
#YonhapInfomax #DaehanSugar #FairTradeCommission #PriceCollusion #Compliance #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105359

South Korea's Fair Trade Commission fined CJ CheilJedang, Samyang Corp., and Daehan Sugar a record 408.3 billion won for colluding to fix sugar prices, marking the nation's second-largest cartel penalty and requiring ongoing price reporting.
#YonhapInfomax
#FairTradeCommission #CJCheilJedang #PriceFixing #SugarMarket #4083BillionWon
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105218

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

CJ CheilJedang Co. apologized for its role in sugar price-fixing, announced withdrawal from the Korea Sugar Association, and unveiled strict measures to prevent future collusion, including a new transparent pricing system and reinforced compliance oversight.
#YonhapInfomax #CJCheilJedang #FairTradeCommission #PriceFixing #SugarAssociation #ComplianceManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105216

South Korea’s Fair Trade Commission Chair Joo Byung-ki announced that fines imposed on three major sugar producers for price-fixing exceed their illicit gains, but called for legislative changes to raise penalty caps, citing that current limits are insufficient to deter cartel activity.
#YonhapInfomax
#FairTradeCommission #SugarCartel #AntitrustFines #PriceFixing #IllicitGains
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105205

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.
#YonhapInfomax #FairTradeCommission #CJCheilJedang #SamyangCorp #PriceFixing #SugarMarketShare #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105195

South Korea's Fair Trade Commission has launched a joint task force to intensify monitoring and enforcement against unfair trade practices that could drive up prices ahead of the Lunar New Year, focusing on high-risk consumer goods and collaborating with other agencies to ensure price stability.
#YonhapInfomax #FairTradeCommission #PriceStability #UnfairTrade #LunarNewYear #ConsumerGoods #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104881

Large conglomerates continue to dominate South Korea’s mining and manufacturing sectors, with their shipment share exceeding 50% for a second year, highlighting persistent market concentration despite regulatory scrutiny.
#YonhapInfomax #FairTradeCommission #MiningAndManufacturing #LargeConglomerates #MarketConcentration #ShipmentShare #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104737

South Korea's major conglomerates, including SK Group, reduced their number of affiliates by 42 over three months as they restructured business portfolios to focus on profitability, according to the Fair Trade Commission.
#YonhapInfomax #SKGroup #FairTradeCommission #BusinessRestructuring #Affiliates #Profitability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104672

South Korea's Fair Trade Commission has launched a task force to consider exempting SMEs from antitrust rules during collective bargaining with large firms, aiming to strengthen the negotiating power of economically underprivileged groups while safeguarding market stability.
#YonhapInfomax #FairTradeCommission #FairTradeAct #SMEs #CollectiveBargaining #AntitrustExemption #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104561

Dunlop Sports Korea was fined by the Fair Trade Commission for falsely advertising its Srixon golf balls as the top choice on the KPGA Tour without objective evidence, highlighting regulatory efforts to ensure fair market practices.
#YonhapInfomax #DunlopSportsKorea #FairTradeCommission #Srixon #FalseAdvertising #KPGA #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104527

South Korea's Fair Trade Commission has filed a criminal complaint against DB Group Chairman Kim Jun-ki, alleging he concealed foundation affiliates to maintain family control and evade antitrust regulations, marking a landmark case in the application of Korea's Fair Trade Act.
#YonhapInfomax
#DBGroup #FairTradeCommission #KimJunKi #Antitrust #FoundationCompanies
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104413