Tag: fair trade commission

fair trade commission

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Fowl play? Poultry costs fall by a third, but fried chicken prices stay put.

The Fair Trade Commission is investigating possible price-fixing, sources say, as consumers fork over more — or receive less than advertised.

2026.10.9

FTC moves to sanction SK Energy, HD Hyundai Oilbank over fuel price fixing

SK Energy and HD Hyundai Oilbank face severe potential penalties over alleged price fixing involving 44.1 trillion won ($32.8 billion) in fuel sales, but the refining industry dismissed the claims as “unreasonable.”

2026.10.8

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People line up to order coffee outside a low-cost coffee chain in Jongno District, central Seoul, on Sept. 29.

2026.9.29

Antitrust watchdog chief slams Coupang's legal efforts to stymie probe

The Fair Trade Commission chief said his agency will respond strongly to corporate maneuvers to hide behind court orders to halt investigations.

2026.9.21

Korean Air-Asiana merger mileage plan approved with 1:1 conversion, 10-year validity

The Fair Trade Commission approved Korean Air's mileage integration plan, preserving Asiana miles for 10 years but setting a 1 to 0.82 ratio for miles earned through credit cards and partners.

2026.9.15

FTC begins deliberations on three Korean Air cases, including allegations of obstructing an investigation

The Fair Trade Commission is considering criminal complaints over alleged obstruction of its Korean Air merger investigation while it also reviews the carrier's capacity relief requests.

2026.9.10

FTC slaps 3 billion won in fines on six papermakers for rigging bids for agricultural newspaper

Korea's Fair Trade Commission docked a group of paper suppliers for colluding on prices from 2021 to 2025, and referred two companies to prosecutors.

2026.9.9

FTC approves TPG's acquisition of Lotte Rental shares

Korea’s Fair Trade Commission approved TPG’s purchase of a controlling 61.2 percent stake in Lotte Rental, finding no competition concerns.

2026.9.1

Large retailers face higher fines for abuse of power under FTC's proposal

In many previous cases, fines have been capped at a fixed amount, preventing penalties from adequately reflecting the seriousness and scale of the misconduct.

2026.8.27

Fair trade watchdog proposes stronger consumer protections for prepaid installment transactions

The revision would require businesses such as funeral and travel service providers to ensure that cash on hand can cover obligations.

2026.8.24