Investigation Into Why Egg Prices Were High… FTC Fines Laying Hen Association 590 Million Won
3 Articles
3 Articles
The Korea Laying Hen Association, which has been setting and notifying farms of standard farmgate prices for eggs, has been sanctioned by the Fair Trade Commission. The FTC stated that the association effectively restricted price competition among egg producers, and that this contributed to the rise in egg prices, which are closely related to the daily lives of the public.
The Fair Trade Commission announced on the 14th that it has issued a corrective order and imposed a fine of 594 million won on the Korea Laying Hen Association (Laying Hen Association) for artificially determining and notifying standard prices for eggs at the production site. The KFTC determined that the Laying Hen Association artificially set prices that should have been determined autonomously by egg-producing farms, thereby restricting market…
[Digital Daily Reporter Yoo Chae-ri] The Korea Laying Hen Association is set to face sanctions from the Fair Trade Commission (FTC) on charges of restricting price competition by notifying member farms of standard egg prices. On the 14th, the FTC announced its decision to impose a fine of 594 million won on the Laying Hen Association, along with a corrective order. This corrective order includes a prohibition order, notification of legal violat…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
