Region: Korea, Republic of

Korea penalises manhole cover cartel

Korea’s antitrust authority has fined five manhole cover manufacturers a total of €1.6 million for rigging bids over a period lasting more than eight years.

05 July 2022

Korea hits more freight shippers with price-fixing sanctions

Korea’s antitrust watchdog has fined 15 freight shippers a total of €60 million for operating a 17-year cartel that fixed prices on routes to Japan, but declined to impose any fines on different liner operators for similar conduct affecting routes to China.

09 June 2022

Korea fines cartel for military and police supplies

Korea’s Fair Trade Commission has fined a trio of companies more than €6.5 million for rigging bids for leather and textile goods used by the country’s Ministry of National Defense, Correctional Service and National Police Agency.

14 March 2022

Korean court grants Google’s injunction request to postpone corrective order

The Seoul High Court has reportedly granted Google’s request to suspend a corrective order imposed by the country’s antitrust watchdog banning certain restrictive agreements imposed on smartphone manufacturers but upheld the enforcer’s €168 million abuse of dominance fine.

03 March 2022

Korea hits ice cream makers with €100 million price fixing fines

Korea’s Fair Trade Commission has fined five confectionary companies nearly €100 million for marking-up the sales price of ice cream products and colluding with distributors to increase delivery fees for retailers.

17 February 2022

KFTC fines concrete makers for price-fixing

The Korean competition authority has fined 19 concrete producers and suppliers a total of €9.5 million for fixing the price of ready-mix concrete and allocating the market over an eight-year period.

10 February 2022

Korea fines shippers in major price-fixing case

Korea’s antitrust authority has fined 23 shipping companies nearly €71 million for fixing freight rates over a 15 year period, although the penalty is significantly lower than some expected.

18 January 2022

G7 report urges coordinated global response to Big Tech

A report published by antitrust chiefs from the G7 nations and four guest countries has highlighted the historic global underenforcement of digital mergers and the importance of understanding new technologies to combat harm to competition earlier.

29 November 2021

The Asia-Pacific Round-up (26 November 2021)

News in brief from the Asia-Pacific region… China’s antitrust watchdog has issued a conditional merger clearance and fined a logistics cartel for rigging bids and allocating the market. In India, the antitrust authority fined a price-fixing cartel in the paper sector and ordered a full investigation into alleged abuse of dominance by table tennis organisations. Meanwhile, Korea has issued a pair of bid-rigging decisions.

26 November 2021

The Asia-Pacific Round-up (12 November 2021)

News in brief from the Asia-Pacific region… Japan’s competition authority is reportedly gearing up to fine 20 printing companies for bid-rigging, while Korea’s antitrust agency has fined a lens retailer for resale price maintenance. Elsewhere, Hong Kong’s Competition Commission has issued a policy note outlining when it will accept commitments to resolve competition concerns.

12 November 2021

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