South Korea's Prime Minister Han Seong-sook said Wednesday in an X post that administrative fines in collusion cases exceeded 1.8 trillion won ($1.3 billion) this year, and she vowed tougher sanctions.
Han cited government action over price-fixing involving sugar, eggs, flour and starch sugars. She said penalties helped bring prices for those goods down by as much as 26.5%.
Han said companies' conduct had burdened people's dining tables. She pledged stronger economic penalties to stop companies from gaining further profit through collusion.
