( February 12, 2026, 03:01 GMT | Official Statement) -- MLex Summary: Major sugar refiners, including CJ CheilJedang, Samyang Corporation and TS Corporation, were fined a combined 408.3 billion won ($282.6 million) after South Korea’s competition watchdog accused them of colluding on the timing and size of B2B sugar-price changes. The Korea Fair Trade Commission said the three companies agreed on six price hikes and two cuts between February 2021 and April 2025, coordinating to pass through raw-sugar cost increases quickly while delaying and limiting price reductions when input costs fell, including by jointly pressuring buyers that resisted. The regulator also ordered corrective steps aimed at preventing a recurrence, including a three-year requirement to report sugar price-change details twice a year, citing the market’s long-running three-player structure and repeat-offense concerns.Statement is attached (in Korean)....
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