Wednesday, December 26, 2007

Fair Trade Commission fines 6 Korean companies for LDPE, LLDPE price fixing

The Fair Trade Commission has fined six Korean petrochemical companies more than W54 bln for fixing the price of synthetic resins over the last 11 years (US$1=W941). Earlier this year, in February, the anti-trust watchdog imposed W100 bln in fines on 10 petrochemical companies for fixing the prices of other products.

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