South Korea: What was fair to the Fair Trade Commission?
Duck Meat
South Korea
Published Jun 8, 2022
Tridge summary
On the 3rd, the Fair Trade Commission imposed a fine of 6.12 billion won on nine duck meat affiliated companies for raising prices and imposed a fine of 224 million won on the Korea Duck Association. The Fair Trade Commission pointed out that the reduction of eggs in 2013 and the reduction of species in 2016 were illegal, and imposed a fine on the association. However, this was implemented by the Ministry of Agriculture, Food and Rural Affairs together with the association for the reason of controlling the supply and demand of ducks the reduction was implemented. This supply-demand control of the livestock industry that raises living things is a policy that is repeated every year. If all of these supply-demand adjustments in order to balance the industry and secure the production base are regarded as unfair cases, livestock farmers will always have to bear all the burdens even when there is an oversupply or when there is insufficient supply. It is for this reason that an objection arises as to what the fair standards of the Fair Trade Commission are.
Original content
On the 3rd, the Fair Trade Commission imposed a fine of 6.12 billion won on nine duck meat affiliated companies for raising prices and imposed a fine of 224 million won on the Korea Duck Association. The Fair Trade Commission pointed out that the reduction of eggs in 2013 and the reduction of species in 2016 were illegal, and imposed a fine on the association. However, this was done by the Ministry of Agriculture, Food and Rural Affairs together with the association for the reason of regulating the supply and demand of ducks. reduction was implemented. This supply-demand control of the livestock industry that raises living things is a policy that is repeated every year. If all of these supply-demand adjustments in order to balance the industry and secure the production base are regarded as unfair cases, livestock farmers will always have to bear all the burdens even when there is oversupply or when there is insufficient supply. It is for this reason that an objection arises as to ...
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