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FTC Investigates South Korean Egg Price Fixing Scandal

6/17/2025

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Summary

Story summary

The Fair Trade Commission (FTC) is probing possible collusion among South Korean farms over egg price fixing.
Investigators have visited the Korea Egg Producer Association's headquarters amid Fair Trade Act violations.
Egg prices rose over 23% from February to March, hitting 190 won by May 20.
The government aims to stabilize prices by removing price-setting authority from producer groups and boosting processed egg imports.

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Story summary

The Fair Trade Commission (FTC) is probing possible collusion among South Korean farms over egg price fixing.
Investigators have visited the Korea Egg Producer Association's headquarters amid Fair Trade Act violations.
Egg prices rose over 23% from February to March, hitting 190 won by May 20.
The government aims to stabilize prices by removing price-setting authority from producer groups and boosting processed egg imports.