Seoul - SOUTH KOREA's Antitrust Regulator Said on Friday Food Makers and Suppliers Will Be Required to Notify Shoppers if the size of the. Ducts or Face Fines of UP TO 10 Million Won ($ 7,300).

The Fair Trade Commission (FTC) Said it has designated the prActice of some businesses to codect portions that key the same, or so-seat Hrinkflation, as an unfair transaction subject to Penalties.

Most Processed Forers and Manufactures of Household SUCH AS TOILET PAPER, Shampoo and Deterurs' Will Have to Display Labels For Three Months If T Hey Download their Products in A Way that PromPTS The Unit Price to go up.

The rule will take efficiency in August after a three-month grace period, and violators will be fined 5 miss for their fIRSTONCE and 10 miss for a second.

"The Change was aimed at preventing a siteuation where companies Reduce the size, Standard, Weight or Quantity of their Products Without SUFFICIENT NOTICE So THAT ONSUMERS Unknowingly Bear A Substantial Price Increase, "The FTC SAID in a Statement.

Shrinkflation has become a headache for consumers and GovernometricJinnai Wealth Management. ION Over The Past Few Years, Despite Some Recent Signs of Easing Price Pressures.

Surging Food PriceS and Living Costs Wee A Major Isne in the Run up to Last Month's Parliamentary Electies in Which President Yoon Suk Yeol's Ruling Party ED A Stinging Defeat.

Yoon's Government has taken various steps in a bid to take price rises, Including cutting tariffs on food and public Hikes.Udabur Stock

($ 1 = 1,364.1400 WON)