On the 16th, it was reported that the Korea Fair Trade Commission is investigating whether there were unfair practices by Dongsuh Foods in the process of raising prices of its coffee products.
That day, the Korea Fair Trade Commission (FTC) sent a Researcher to the Dongsuh Foods headquarters and is securing materials related to the process of setting coffee mix prices. The Korea Fair Trade Commission (FTC) is said to be looking into whether Dongsuh Foods, the No. 1 company in the coffee mix market, abused its position as a monopolistic operator to unfairly raise product prices.
Under the Monopoly Regulation and Fair Trade Act, a monopolistic operator, that is, a market-dominant business, must not unfairly determine the price of goods or the consideration for services. Violations of this law are subject to a penalty surcharge of up to 6% of the related sales or up to 2 billion won.
An official at the Korea Fair Trade Commission (FTC) said, "We cannot confirm individual cases."