South Korea's FTC Initiates Sanctions Against Flour Millers for Price Collusion
The Fair Trade Commission of South Korea has initiated sanctions against seven major flour millers suspected of colluding on prices from November 2019 to October 2025. The agency seeks fines up to 1.16 trillion won and a price reset order to revert prices to pre-collusion levels. This investigation, conducted from October 2025 to February 2026, revealed that these firms control 88% of the B2B flour market, with collusion-related revenue estimated at 5.8 trillion won.
Theia Market Signal Identification - AI Assisted
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.
Comments