PM pledges to root out price-fixing practices
Prime Minister Han Seong-sook pledged Wednesday to root out price-fixing practices, saying the government has imposed more than 1.8 trillion won ($1.3 billion) in administrative fines this year alone on companies involved in collusion. Han made the remark in a post on X, saying stabilizing prices is an important responsibility of the government. "We will firmly safeguard the people's dining…
Prime Minister Han Seong-sook addressed the parliamentary budget committee in Seoul on Wednesday, vowing to eradicate price-fixing practices in the country. She disclosed that the government has imposed over 1.8 trillion won ($1.3 billion) in administrative fines this year on companies engaged in price collusion. Han emphasized that stabilizing prices is a crucial responsibility of the government and pledged to protect citizens' dining tables from such practices.
Noting significant price drops of up to 26.5 percent for sugar, eggs, flour, and starch due to the imposed penalties, she reaffirmed her commitment to rooting out collusion and strengthening economic sanctions against companies attempting to gain further profit through illegal means.
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Also reported by 2 other outlets
- PM pledges to root out price-fixing practices koreatimes.co.kr
- PM pledges to root out price-fixing practices en.yna.co.kr
