Cartel Penalties Fall Short of 6% of Revenue: Analysis

[Economy 365]

An analysis has revealed that the Fair Trade Commission's penalties for collusion fell short of 6% of the relevant sales revenue.

According to an analysis of 237 FTC collusion resolution documents released from 2024 through last month by Social Democratic Party lawmaker Han Chang-min, relevant sales amounted to 36.3894 trillion won, while penalties totaled 2.1299 trillion won, resulting in a penalty ratio of 5.85%.

This year, the penalty ratio rose to 11.9% due to the impact of price-fixing cases involving sugar and flour.

However, both cases were reduced during the adjustment phase, bringing the final penalty ratios relative to relevant sales down to 12.4% for sugar and 11.8% for flour.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.