South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
Korea Fair Trade Commission. Credit Minseong Kim.
Fifteen liner operators have been fined a total of $64m by the Korea Fair Trade Commission (KFTC) for colluding to fix South Korea-Japan freight rates.
KFTC handed down its decision on 9 June, after a two-month probe that focused on the liner operators’ actions between February 2003 and May 2019.
Those penalised included: Heung-A Line, fined $12.5m; KMTC Line, fined $11.6m; Sinokor Merchant Marine, fined $9.6m; HMM was fined $39,060 and SM Line was fined $86,888.
The penalty comes five months after 23 ...
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