Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
6
DP leader says he will meet Yoon without conditions
-
7
Over 9,000 hotline calls made by stalking victims in 2023
-
8
Monthly users on local streaming platforms outpace Netflix, Disney+
-
9
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
-
10
Seoul to promote luxurious side of the city
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
South Korea's antitrust regulator said Wednesday it has decided to impose a combined fine of 25.1 billion won ($21.2 million) on seven poultry-processing companies for colluding to fix prices of chickens.
Harim Co. and six other companies colluded to fix prices and supplies of chickens to be used for "samgyetang," or Korean ginseng chicken soup, between July 2011 and July 2017, according to the Korea Fair Trade Commission (KTFC).
Their price fixing led to a hike of chicken prices during summer when demand remains high, while preventing chicken prices from falling during off-seasons, the commission said.
Harim will be tentatively slapped with the largest fine of 7.87 billion won, followed by 5.17 billion won for Orpum Co. The regulator plans to file a complaint with the prosecution against the two firms.
The KFTC also ordered the seven firms to take corrective measures. (Yonhap)
Harim Co. and six other companies colluded to fix prices and supplies of chickens to be used for "samgyetang," or Korean ginseng chicken soup, between July 2011 and July 2017, according to the Korea Fair Trade Commission (KTFC).
Their price fixing led to a hike of chicken prices during summer when demand remains high, while preventing chicken prices from falling during off-seasons, the commission said.
Harim will be tentatively slapped with the largest fine of 7.87 billion won, followed by 5.17 billion won for Orpum Co. The regulator plans to file a complaint with the prosecution against the two firms.
The KFTC also ordered the seven firms to take corrective measures. (Yonhap)
