8 companies to pay $2.6 million over price fixing in South KoreaChristian Fernsby ▼ | September 9, 2019
South Korea's antitrust regulator said Monday it has fined eight logistics companies a combined 3.1 billion won ($2.6 million) for colluding to fix their bidding prices for a state-run utility firm and its three power generation units.
Asia Fair Trade Commission
Topics: South Korea price fixing
The logistics companies transported transformers, bituminous coal and other goods for the South Korean state utility company and its three units.
The commission fined Hanjin Transportation and CJ Logistics 706 million won and 445 million won, respectively. The remainder was apportioned to the six other smaller companies. ■