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Shrinkflation trend grows as companies battle rising costs

As the government attempts to stabilize consumer prices by exerting pressure on the food industry, there s an emerging trend where businesses maintain the same prices for their products but reduce their physical size. Consumer groups contend that this strategy effectively acts as a hidden price hike.

Hugel Appointed Suk-yong Cha as Executive Chairman and Chairman of the Board Accelerating Transformation into a Global Top-tier Company

Haitai denies suspicions of inflating sales figures to boost share price

Haitai Confectionary & Foods is suspected of inflating sales performance figures by billions of won between 2016 and 2017, raising suspicions that it manipulated information intentionally to jack up its stock price. The head office denied the suspicions, blaming “regional sales offices” for the irregularities.

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