A prosecutor explains the results of an investigation into alleged pork price collusion at the Seoul Eastern District Prosecutors Office in Seoul, Tuesday. Yonhap
Prosecutors said Tuesday they have indicted six meat distributors for colluding to fix prices over six years in a scheme that involved 1.2 trillion won ($842 million) worth of pork.
Dodram Food and five other companies are accused of colluding to rig prices of pork supplied to major retailer E-Mart Inc. from August 2017 to November 2023, according to the Seoul Eastern District Prosecutors Office.
The prosecution said the six companies and 12 company officials have been indicted on charges of violating the Fair Trade Act.
The companies began to share prices of pork they supplied to Emart with each other after the retailer decided not to disclose bidding prices to encourage competition in August 2017, according to the prosecution.
