The Korea Herald

지나쌤

LS and 10 companies appeal against court order

By 윤정현

Published : July 25, 2016 - 10:31

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[DISCLOSURE] LS (006260), Gaoncable (000500), Daewon Cable (006340), Taihan Electric Wire (001440) and Iljin Holdings (015860) announced on July 25 that they have appealed a local court order.

The Seoul High Court ordered LS and 10 other companies to pay KEPCO (015760) 59.4 billion won (US$51.40 million) in compensation for unfair collective practice by colluding for a power line bid on July 5.