( July 7, 2026, 03:01 GMT | Official Statement) -- MLex Summary: Four South Korean starch and starch syrup manufacturers have been fined a combined 747.6 billion won ($490 million) by the country's antitrut watchdog for for colluding over prices charged to business customers for more than seven years, marking the agency’s largest-ever cartel penalty. The Korea Fair Trade Commission said Tuesday it found that Daesang, Sajo CPK, Samyang Corporation and CJ CheilJedang coordinated 13 price adjustments from May 2018 to October 2025, quickly passing on higher corn costs while minimizing and delaying price cuts when costs fell. The watchdog also ordered the companies to independently reset prices and report changes for three years, saying the cartel affected key food and industrial ingredients used in sectors including confectionery, beverages, paper and steel.Statement is attached (in Korean)....
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