Sugar producers in South Korea convicted in price-fixing cartel ruling
By Jenny Lee ( April 23, 2026, 08:31 GMT | Insight) -- CJ CheilJedang and Samyang Corporation executives received suspended prison sentences on Thursday after a South Korean court found them guilty of colluding on sugar prices for more than four years. In the first major cartel verdict since President Lee Jae Myung made consumer price enforcement a top government priority, the Seoul Central District Court sentenced 11 former and current executives from the two companies for violating the Monopoly Regulation and Fair Trade Act, in a scheme prosecutors valued at 3.3 trillion won ($2.2 billion). CJ CheilJedang and Samyang Corporation executives received suspended prison sentences on Thursday after a South Korean court found them guilty of colluding on sugar prices for more than four years, in the first major cartel verdict since President Lee Jae Myung made consumer price enforcement a top government priority....
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