Most Popular
-
1
Yoon vetoes bill for special probe into young Marine's death
-
2
SNU alums nabbed for digital sex crimes
-
3
AI Seoul Summit adopts declaration on safe, innovative, inclusive AI
-
4
South Korea bans viral North Korea propaganda video praising Kim
-
5
Samsung replaces semiconductor chief amid heightened AI race
-
6
Russia likely offering N. Korea technology aid to expand threats to US, others: Pentagon official
-
7
AI Seoul Summit to discuss ways to make AI equitable in Global South
-
8
[Up close in Yeouido] Trump hinting at US troop removal in South Korea ‘election-time talk’
![[Up close in Yeouido] Trump hinting at US troop removal in South Korea ‘election-time talk’](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/21/20240521050695_0.jpg&u=20240522173622)
-
9
Dog days are over? Popular dog trainer embroiled in workplace bullying dispute
-
10
Bucheon Fantastic Film Fest to revisit Son Ye-jin’s career
![[Up close in Yeouido] Trump hinting at US troop removal in South Korea ‘election-time talk’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/21/20240521050695_0.jpg&u=20240522173622)
About 90 of fines levied on conglomerates by the financial regulator were later canceled by the courts last year despite initial rulings that sided with the regulator, data compiled by the Fair Trade Commission showed Sunday.
The FTC’s records showed it has won 14 of the 21 lower court cases on corporate fines last year, a success rate in the upper 60 percent. The results are better, at over 80 percent, when smaller companies and individuals are also considered.
“The FTC fines amounted to 4 trillion won ($3.79 billion) over the past 30 years, and 3 trillion won was levied after 2005,” an FTC official said.
But court records showed that 86.9 percent of the ordered fines were later found to have been canceled in the appeals process. Of the 313.1 billion won of fines in 21 cases won by the FTC, some 272.1 billion won was dropped for seven firms, according to the records. (Yonhap News)
The FTC’s records showed it has won 14 of the 21 lower court cases on corporate fines last year, a success rate in the upper 60 percent. The results are better, at over 80 percent, when smaller companies and individuals are also considered.
“The FTC fines amounted to 4 trillion won ($3.79 billion) over the past 30 years, and 3 trillion won was levied after 2005,” an FTC official said.
But court records showed that 86.9 percent of the ordered fines were later found to have been canceled in the appeals process. Of the 313.1 billion won of fines in 21 cases won by the FTC, some 272.1 billion won was dropped for seven firms, according to the records. (Yonhap News)
