CJ Cheiljedang apologizes again over price-fixing allegations

CJ Cheiljedang Corp., a major South Korean food company, on Tuesday apologized again over price-fixing allegations involving sugar. "We deeply apologize for causing concern," the company said in a statement issued under the name of Chief Executive Officer Sohn Kyung-shik during a general shareholders meeting. "We will completely eradicate past improper practices and rebuild the company's systems and culture from the ground up, along with strict measures to prevent a recurrence." The apology came

By The Korea Herald