South Korea’s Fair Trade Commission imposes combined 135b won in fines on Lotte Confectionery, Lotte Food, Lotte Corp., Binggrae, Haitai Confectionery for fixing ice cream prices between 2016 and 2019, according to emailed statement.
- Binggrae fined 38.8b won; Haitai 24.5b won, Lotte Confectionery 24.5b won, Lotte Food 23.7b won, Lotte Corp. 23.5b won
- South Korea’s antitrust agency also asks prosecutors to investigate Binggrae and Lotte Food
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Seyoon Kim
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