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South Korea's Fair Trade Commission (FTC) has formally initiated sanctions against seven flour millers for colluding on prices over a six-year period, from November 2019 to October 2025. The FTC's investigation, conducted swiftly from October 2025 to February 2026, found that these firms accounted for 88% of the country's B2B flour market, with collusion-related sales revenue estimated at 5.8 trillion won ($4 billion).

The FTC plans to impose fines of up to 1.16 trillion won and a price reset order to revert prices to pre-collusion levels, marking the first such application since 2006. The process includes a full commission meeting after the companies submit their defense within eight weeks.