The Korean Ministry of Agriculture, Food and Rural Affairs should actively respond to allegations of unfair poultry industry collusion
South Korea
Published Jun 22, 2022
Tridge summary
The poultry industry, which is already difficult due to a sharp rise in production costs such as high international grain prices, is struggling with a double hardship.
Original content
The Fair Trade Commission (hereinafter referred to as the Fair Trade Commission) has defined the poultry industry's supply-demand control practices as collusion since March. This is because they are levying huge fines one after another. The penalty imposed by the Fair Trade Commission this year was 175.823 billion won on March 16, followed by 1.21 billion won for the Korea Broiler Association on April 17th, and the local chicken industry on May 12th. 699 million won on the association and 6.236 billion won on the duck industry and the association on the 7th. The poultry industry is complaining about the unfairness of the FTC's imposition of such a fine. This is because the supply-demand control project, which the Fair Trade Commission points out as “collusion,” is in fact a legitimate supply-demand control project that was carried out with the approval of the Ministry of Agriculture, Food and Rural Affairs under the relevant laws. It was part of a policy project promoted by the ...
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