Prosecutors currently investigating the alleged sugar price-fixing have sought arrest warrants for former and current executives of Samyang Corporation and CJ CheilJedang.
According to legal sources on the 14th, the Seoul Central District Prosecutors' Office Fair Trade Investigation Division (led by Director General Na Hee-seok) on the previous day requested arrest warrants on charges of violating the Fair Trade Act for three people, including Samyang Corporation CEO Choi, Executive Vice President Lee, and a person surnamed Kim who oversaw Food Korea at CJ CheilJedang.
Prosecutors are investigating allegations that CJ CheilJedang, Samyang Corporation, and TS Corporation, three sugar refiners that control more than 90% of the domestic sugar market, artificially raised sugar prices over several years through collusion. The suspected scale of the collusion is understood to be in the trillion-won range.
Earlier, on the 27th, prosecutors sought arrest warrants for four employees, including CJ CheilJedang Deputy Minister Park and Samyang Corporation Deputy Minister Lee, but the court rejected the requests, saying there was no risk of evidence destruction or flight.