SEOUL, Nov. 27 (Korea Bizwire) – Two Taiwanese display makers have been ordered to pay a combined 32.8 billion won (US$25.1 million) in damages to LG Electronics Inc. for fixing the prices of LCD panels, sources said Monday. The Seoul Central District Court recently delivered the ruling in a compensation suit filed by LG and [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to impose a combined fine of 96.2 billion won (US$80.7 million) on 23 Korean and foreign shippers for their 15-year-long collusion to fix freight rates. Since 2018, the Fair Trade Commission (FTC) has been looking into allegations that the country’s [...]
SEOUL, Oct. 6 (Korea Bizwire) – Samsung C&T Corporation and Hyundai Development Company, those responsible for building Seoul Subway Line No. 9 are expected to pay a fine for an alleged collusion, adding insult to injury since a sink hole accident found under the construction site has prompted significant public outcry against one of the [...]