Discount retail chains may be on the rocks for whiskey price-fixing

South Korea’s Fair Trade Commission is considering probing allegations of whiskey price-fixing among large discount chains or distributors. A report by a civic group found that prices of whiskey between three chains were similar.

Moreover, the FTC found that prices of European whiskey have increased: consumers pay 5.1 times as much as the import price of whiskey. The prices are 36 percent higher than those of overseas markets: Glenfiddich is 44,667 won in Korea, compared to 28,172 won in Japan.

Full content: Korea Herald

 

Related contentRecent Enforcement of Cartel Regulations in Korea (Joseph Hur & Paul Rhee, Yoon Yang Kim Shin & Yu)

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.

RECOMMENDED FOR YOU
 


More Articles