News / South Korea amends Shipping Act, but too late to avert heavy fines on carriers

The National Assembly Building of the Republic of Korea Credit: ClumsyForeigner

07/10/2021

South Korea has amended its Shipping Act to protect its shipping industry from falling foul of anti-trust laws, but the move may have come too late to help 23 liner operators avert massive fines of nearly $672m.

In June, the Korea Fair Trade Commission (KFTC) imposed ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber