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Civil Litigation,
Antitrust & Trade Reg.

Nov. 16, 2018

Korean noodle company executive accuses competitors of fixing prices

A top executive of a South Korean ramen noodle maker accused two other ramen manufacturers of leading an alleged scheme to fix prices in testimony Thursday in a class action trial.

SAN FRANCISCO -- A top executive of a South Korean ramen noodle maker accused two other ramen manufacturers of leading an alleged scheme to fix prices in testimony Thursday.

Nongshim Co. allegedly governed the collusion at annual mandated industry conventions, plotting with other ramen makers to increase its prices first with the expectation its competitors would follow, Samyang Foods Co. executive Soo Chang Ahn said in a deposition...

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