South Korea’s competition watchdog has imposed a record ₩671 billion ($490 million) in fines on seven flour manufacturers after uncovering a long-running cartel that coordinated prices and supply volumes in the country’s flour market for […]
Tag: South Korea
Korea Fair Trade Commission (KFTC)
South Korea Fines Two Companies For Colluding In Underwater Survey Service Tenders
South Korea’s Korea Fair Trade Commission has imposed corrective orders and fines totaling 30 million won ($21,000) on two engineering companies for rigging bids in underwater survey service tenders issued by a public safety agency. […]
South Korea Fines Jeju Liquor Wholesalers’ Association for Price Fixing and Market Allocation
SEOUL, May 3, 2026 — South Korea’s Korea Fair Trade Commission has fined the Jeju Liquor Wholesalers’ Association 256 million won ($185,000) for restricting competition among its members through price controls and customer allocation practices. […]
South Korea Fines Six Paper Makers $245 Million for Printing Paper Price Cartel
SEOUL, April 23, 2026 — South Korea’s Korea Fair Trade Commission has imposed fines totaling 338.3 billion won (about $245 million) on six paper manufacturers for colluding to raise prices of printing paper over nearly […]
KFTC Fines Two Suppliers for Bid Rigging in Hyundai and Kia Interior Parts Contracts
South Korea’s Korea Fair Trade Commission (KFTC) has imposed fines and corrective orders on two companies for colluding in bids for vehicle interior surface treatment contracts issued by Hyundai Motor Company and Kia Corporation. The […]
South Korea Fines Two Slaughterhouses for Colluding on Goat Slaughter Fees
SEOUL, April 17, 2026 — South Korea’s Korea Fair Trade Commission has fined two meat slaughterhouse operators in South Jeolla Province for colluding to increase slaughter fees for black goats, a practice the regulator said […]
South Korea Proposes Digital Overhaul Of Antitrust Hearing Procedures
SEOUL, March 24, 2026 — South Korea’s competition authority has proposed amendments to the enforcement decree of its competition law to allow electronic submission and service of documents in antitrust proceedings, a procedural reform aimed […]
KFTC Fines 27 School Uniform Suppliers for Bid-Rigging
SEOUL, March 18, 2026 — South Korea’s competition authority has fined 27 school uniform suppliers for colluding in public tenders, in a case highlighting long-running bid-rigging practices that inflated costs for students and families. The […]
South Korea Fines Pork Suppliers $2.4 Million for Price-Fixing in Emart Supply Contracts
Sejong, March 12, 2026 — South Korea’s Fair Trade Commission (KFTC) has imposed corrective orders and fines totaling 3.165 billion won (about $2.4 million) on nine pork processing and distribution companies for colluding on supply […]
KFTC Sends Starch Sweetener Cartel Case to Commission for Review
SEOUL, South Korea, March 6, 2026 — The Korea Fair Trade Commission (KFTC) has initiated formal proceedings in a suspected cartel involving four manufacturers and sellers of starch sweeteners after sending an investigation report to […]
