News / Shipping lines scoff at Seoul’s price-fixing fines – 'they won't hurt us'

The shipping lines hit by a collective $80.7m fine by the Korea Fair Trade Commission for price-fixing say it won’t have have a substantial impact on their operations or finances.

Wan Hai Lines spokesperson Laura Su said in a Taiwan Stock Exchange filing the company had not yet received notification from the authority.

She added: “The reported fine of around $9.6m has no significant impact on the company’s finance and business. We will discuss the follow-up treatment with a lawyer to protect ...