Yonhap News4/23/2026BusinessSouth Korea
25 Indicted in South Korea's Largest Food Price-Fixing Case Worth 10 Trillion Won
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- Prosecutors have indicted 25 people over an eight-year starch sugar collusion scheme worth 10.15 trillion won ($6.7 billion), marking South Korea's largest food price-fixing case.
- Employees and executives from Daesang, Sajo CPK, and CJ Cheiljedang, along with the head of the Korea Corn Processing Industry Association, are accused of fixing prices and rigging bids from July 2017 to October 2025.
- Starch prices rose 73.4% and sugar products up 63.8% over the period.
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Prosecutors have indicted 25 people over an eight-year starch sugar collusion scheme worth 10.15 trillion won ($6.7 billion), marking South Korea's largest food price-fixing case. Employees and executives from Daesang, Sajo CPK, and CJ Cheiljedang, along with the head of the Korea Corn Processing Industry Association, are accused of fixing prices and rigging bids from July 2017 to October 2025. Starch prices rose 73.4% and sugar products up 63.8% over the period.
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