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 has vowed to eradicate price-fixing practices, having imposed over 1.8 trillion won in administrative fines on colluding companies this year. Speaking at a parliamentary budget committee meeting in Seoul, she emphasized that stabilizing prices is a crucial government responsibility. "We will firmly safeguard the people's dining tables from price-fixing," she stated.
Han highlighted that the fines imposed on sugar, eggs, flour, and starch have led to price reductions of up to 26.5 percent for these items, effectively alleviating the financial burden on consumers. With a commitment to tackle such collusion, she assured that the government will intensify economic sanctions to prevent further profits from collusive activities.
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- PM pledges to root out price-fixing practices koreatimes.co.kr
- PM pledges to root out price-fixing practices en.yna.co.kr
