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Korean FTC probes price-fixing by foreign car shipping firms
By 최희석Published : Aug. 4, 2016 - 11:27
[THE INVESTOR] The Fair Trade Commission is looking into allegations of price-fixing by international automobile shipping companies, the antitrust agency said Aug. 4.
According to the FTC, a number of foreign shipping companies may have colluded to fix prices between 2008 and 2012.
Companies under investigation include Japan’s Nippon Yusen, K Line, Mitsui O.S.K. Lines, Norwegian firm Wallenius Wilhelmsen Logistics and Chile’s CSA.
Japanese shipping companies had received about 200 billion won (US$179.64 million) fines in 2014 after they admitted to unfair practices in 2014. In addition, the US and Chinese antitrust agencies have found similar activities by a total of 13 shipping companies.
By Choi He-suk (cheesuk@heraldcorp.com)
According to the FTC, a number of foreign shipping companies may have colluded to fix prices between 2008 and 2012.
Companies under investigation include Japan’s Nippon Yusen, K Line, Mitsui O.S.K. Lines, Norwegian firm Wallenius Wilhelmsen Logistics and Chile’s CSA.
Japanese shipping companies had received about 200 billion won (US$179.64 million) fines in 2014 after they admitted to unfair practices in 2014. In addition, the US and Chinese antitrust agencies have found similar activities by a total of 13 shipping companies.
By Choi He-suk (cheesuk@heraldcorp.com)
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