South Korea: Duck meat price fixing fines, the industry's disappointment

Duck Meat

South Korea

Published Jun 8, 2022

Tridge summary

Duck Association, there is a basis for supply and demand control business under related laws… Take measures to prevent recurrence. It is unfair that the Duck Association judged the supply-demand control project as an illegal act while the Fair Trade Commission (hereinafter referred to as the Fair Trade Commission) imposed a fine on nine duck meat affiliated companies and the Korea Duck Association for fixing the price of duck meat. It is appealing to the attention of attention. On the 3rd, the Fair Trade Commission imposed a fine of 6.12 billion won with an order to correct price fixing on fresh duck meat manufacturers and sellers, and imposed a fine of 224 million won on the Duck Association. The Fair Trade Commission is against the act of fixing the production and price of duck meat from 2012 to 2016 by duck affiliated companies and the act of the Duck Association fundamentally limiting production, such as reducing the production of ducks for the purpose of raising the sale price of fresh duck meat. He said he had decided to impose a fine.

Original content

Duck Association, a supply-demand control project under related laws basis exists... Take measures to prevent recurrence While the Fair Trade Commission (hereinafter referred to as the Fair Trade Commission) imposed a fine on nine duck meat affiliated businesses and the Korea Duck Association for fixing the price of duck meat, the Duck Association is complaining of injustice over its judgment of the supply-demand control project as an illegal act. Noted. On the 3rd, the Fair Trade Commission imposed a fine of 6.12 billion won with an order to correct price fixing on fresh duck meat manufacturers and sellers, and imposed a fine of 224 million won on the Duck Association. The Fair Trade Commission is against the act of fixing the production and price of duck meat from 2012 to 2016 by duck affiliated companies and the act of the Duck Association fundamentally limiting production, such as reducing the production of ducks for the purpose of raising the sale price of fresh duck meat. ...

Source: Aflnews