Government Presses Companies To Limit Price Hike

SOUTH KOREA - The government has pressed the country's dairy companies to limit price hikes following the recent adjustment in raw milk prices.
calendar icon 18 August 2011
clock icon 1 minute read

The government warns that it will take all necessary measures to penalise businesses that try to make excessive and undue profits.

"There are not many factors that warrant a price increase. (Milk companies) must minimise price hikes or don't raise prices at all," the Ministry of Agriculture, Forestry and Fisheries said in a press release.

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