( October 14, 2026, 03:00 GMT | Official Statement) -- MLex Summary: Six South Korean flour producers face potential fines and criminal referrals over allegations that they fixed prices for flour byproducts used in animal feed for more than eight years. The Korea Fair Trade Commission said Wednesday that it sent an examiner’s report to the six flour producers — Daehan Flour, Sajo Dongaone, Sajo Daerim, Samgyang Corporation, CJ CheilJedang and Hantop — initiating deliberation proceedings. According to the investigators, the companies allegedly coordinated to fix prices for flour byproducts, including wheat bran and off-grade flour, between April 2017 and October 2025, affecting sales worth 1.4 trillion won (about $1 billion). Investigators concluded that the alleged conduct constituted a very serious violation of the Monopoly Regulation and Fair Trade Act, which prohibits price-fixing agreements, and recommended corrective orders, administrative fines and criminal referrals against the companies and their executives. The six companies have eight weeks to submit written responses upon receiving the examiner’s report. The statement is attached (in Korean)....
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