Actual price hike due to shrinkflation, what are overseas countermeasures = South Korea

Recently, there has been discussion among food companies about ``shrinkflation,'' which involves reducing product volume while keeping prices the same or increasing. In the situation of high prices, it is pointed out that there is a "real price increase"
The South Korean government announced that it will begin investigating and monitoring the shrinkflation of major daily necessities. This kind of shrinkflation has occurred many times not only in Korea but also overseas.
This has sparked debate, and many countries are introducing measures that would allow consumers to know about changes in capacity. According to the South Korean government on the 2nd, Vice Prime Minister of Economy and Minister of Strategy and Finance Ju Kyung-ho will be appointed to his post by the end of this month.
The government recently announced that it plans to present a proposal to the public to regulate linkflation. On the 28th of last month, he said in a broadcast, ``Some industries, such as the food industry, are trying to raise real prices while reducing quantity without raising prices.''
There were many comments (from the public) that the government might do so. Price setting and quantity adjustment are autonomous choices for the industry, but it is necessary to accurately inform consumers. The law also requires consumers to be honest about the amount, content, etc.
``Shrinkflation is not honest competition.'' ``The government is currently conducting a fact-finding investigation led by the Fair Trade Commission,'' he said, ``honestly and in good faith.''
"I'm worried about the institutional system that assigns responsibilities to people so that they can do what they do best," he said. He went on to say, ``Even in the industry, actions that cannot continue to earn the trust of consumers must be stopped,'' and ``Industry and consumer
After discussions with public organizations, we plan to formulate a draft regulation and present it to the public in December." Shrinkflation is a process where the price stays the same or increases, but the product capacity is reduced or reduced (
The word is a combination of "shrink" and "inflation," which is a rise in prices. Prior to this, companies have chosen to reduce the content of their products instead of increasing the price of their products.
There is a debate that they are raising real prices. This March, Pulmuone will keep the price of its hot dogs the same but increase the number of hot dogs by 5 (5
00g) to 4 pieces (400g), but recently I found out this fact. Nongshim, Dongwon F&B, Haetae, etc. also reduced their product capacity last year, but
consumers were not informed. Shrinkflation is causing controversy not only in Korea but also overseas. For this reason, various countries require consumers to be notified when product quantities change.
There are plans to make it compulsory. Since last year, the Brazilian government has mandated that when there is a change in the volume of a product, the relevant company must notify consumers by displaying the volume before and after the change, as well as the changed value and ratio on the packaging for at least six months.
became a duty. France is pushing ahead with a measure that would require companies to notify consumers when reducing product capacity. The French supermarket chain "Carrefour" announced in September that
Shrinkflation stickers were placed on products whose capacity was reduced without a price reduction. The German government has also made it clear that it will create a law to deal with shrinkflation.
I made it. Last month, Canada's industry secretary announced the creation of a "grocery task force" to detect and investigate practices that harm consumers, such as shrinkflation.