South Korea's FTC Initiates Sanctions Against Flour Millers for Price Collusion
DEFENSE
The Fair Trade Commission of South Korea has initiated sanctions against seven major flour millers suspected of colluding on prices from November 2019 to October 2025. The agency seeks fines up to 1.16 trillion won and a price reset order to revert prices to pre-collusion levels. This investigation, conducted from October 2025 to February 2026, revealed that these firms control 88% of the B2B flour market, with collusion-related revenue estimated at 5.8 trillion won.
Feb 22, 2026, 6:23 AM
