Price Fixing

Korea's three major sugar producers, CJ CheilJedang, Samyang, and TS, have been fined a combined 408.2 billion won ($282 million) for colluding to fix sugar prices. The Fair Trade Commission (FTC) stated that the companies conspired on eight occasions from February 2021 to April 2025. This occurred while consumers were suffering from the COVID-19 pandemic's fallout.