Eyeing Inflation, KFTC Plans Price-Fixing Crackdown

Law360, New York (August 6, 2008, 12:00 AM EDT) -- The government of South Korea announced plans on Wednesday to crack down on price-fixing in an effort to curb inflation, according to Korean news reports.

The country's Ministry of Strategy and Finance and Fair Trade Commission will more aggressively follow up price-related consumer complaints by investigating companies for participating in cartels when consumer groups receive reports of unreasonable changes in prices, the Korea Herald reported.

In addition, government regulators will analyze the relationship between consumer prices and import prices when products undergo large price hikes and...
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