South Korea's Fair Trade Commission raids LG Chem, Hanwha Solutions, OCI, and Aekyung Chemical over suspected price-fixing collusion in PVC and plasticizer markets following Middle East conflict, as antitrust regulator investigates potential coordinated price increases among major petrochemical manufacturers.
#YonhapInfomax #FairTradeCommission #LGChem #PriceFixing #PVC #Plasticizers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=120533
South Korea's Antitrust Regulator Raids Four Petrochemical Firms Over Suspected Price-Fixing
South Korea's Fair Trade Commission raids LG Chem, Hanwha Solutions, OCI, and Aekyung Chemical over suspected price-fixing collusion in PVC and plasticizer markets following Middle East conflict, as antitrust regulator investigates potential coordinated price increases among major petrochemical manufacturers.
Coupang files lawsuit against South Korea's Fair Trade Commission to overturn designation of Chairman Kim Bom-suk as controlling shareholder, arguing the company maintains transparent governance structure and meets exception conditions under antitrust regulations.
#YonhapInfomax #Coupang #FairTradeCommission #KimBomsuk #ControllingShareholder #AdministrativeLitigation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119989South Korea's Fair Trade Commission fines Doosan Corp. 230 million won for violating subcontract laws by failing to issue written contracts for 516 SI service projects worth 40.8 billion won, affecting 182 subcontractors over a period exceeding two years and eight months.
#YonhapInfomax #Doosan #FairTradeCommission #SubcontractViolations #SIServices #ContractualObligations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119683South Korea's Fair Trade Commission launches on-site inspection of Hanwha Ocean to investigate alleged unfair trade practices in supplying naval vessel equipment and parts to competitors, with investigators securing documents from the company's Seoul office.
#YonhapInfomax #HanwhaOcean #FairTradeCommission #NavalVesselParts #UnfairTradePractices #OnSiteInspection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119398
South Korea's Antitrust Regulator Launches On-Site Inspection of Hanwha Ocean Over Alleged Unfair Trade Practices in Naval Vessel Parts
South Korea's Fair Trade Commission launches on-site inspection of Hanwha Ocean to investigate alleged unfair trade practices in supplying naval vessel equipment and parts to competitors, with investigators securing documents from the company's Seoul office.
South Korea's Fair Trade Commission reduced fines by 99 billion won ($84 million) for three sugar manufacturers involved in a 3.2 trillion won price-fixing cartel, granting the maximum 20% discount permitted under law for their cooperation during investigation and deliberation processes.
#YonhapInfomax #FairTradeCommission #SugarCartel #CJCheilJedang #PriceFixing #FineReduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119105
South Korea's Antitrust Regulator Cuts Fines by 99 Billion Won for Three Sugar Cartel Firms - Citing Investigation Cooperation
South Korea's Fair Trade Commission reduced fines by 99 billion won ($84 million) for three sugar manufacturers involved in a 3.2 trillion won price-fixing cartel, granting the maximum 20% discount permitted under law for their cooperation during investigation and deliberation processes.
South Korea's Fair Trade Commission orders 19 concert venues and ticket platforms including Seoul Arts Center and Interpark to revise unfair membership refund policies, allowing full refunds within 14-30 days and partial refunds after benefit usage, easing consumer financial burden
#YonhapInfomax #FairTradeCommission #MembershipRefunds #ConcertVenues #TicketPlatforms #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119077
'Claim Refunds on Annual Fees for Concert Venue and Ticket Platform Paid Memberships'
South Korea's Fair Trade Commission orders 19 concert venues and ticket platforms including Seoul Arts Center and Interpark to revise unfair membership refund policies, allowing full refunds within 14-30 days and partial refunds after benefit usage, easing consumer financial burden
South Korea's Fair Trade Commission fines SM Hwajin and Korea Cubic 2.59 billion won for colluding on Hyundai-Kia vehicle interior surface treatment bids from 2020 to 2023, with the two companies holding 100% market share in hydraulic transfer printing method contracts.
#YonhapInfomax #FairTradeCommission #BidRigging #HyundaiMotor #KoreaCubic #SMHwajin #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=116840South Korea's franchise industry grew 13.2% in franchisors and 10.9% in brands last year, but conflicts over profit distribution persist as average markup fees increased alongside sales growth, with the FTC pledging reforms to stabilize franchisee business foundations.
#YonhapInfomax #FranchiseIndustry #MarkupFees #FairTradeCommission #FranchiseOutlets #AverageSales #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=115018
Franchise Industry Expands, But Dispute Risks Persist
South Korea's franchise industry grew 13.2% in franchisors and 10.9% in brands last year, but conflicts over profit distribution persist as average markup fees increased alongside sales growth, with the FTC pledging reforms to stabilize franchisee business foundations.
South Korea's Fair Trade Commission launches investigation into Sebang Group over allegations of unfair business allocation to affiliate E&S Global, which is 80% owned by Chairman Lee Sang-woong and provides IT services to the conglomerate.
#YonhapInfomax #SebangGroup #FairTradeCommission #ESGlobal #UnfairBusinessAllocation #ChairmanLeeSangwoong #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=114585South Korea's Fair Trade Commission brokers win-win agreements between refiners and plastics makers to ease burden from Middle East war-driven crude oil price surge, with refiners switching to mixed sales and plastics industry adjusting supply prices to reflect raw material cost increases.
#YonhapInfomax #FairTradeCommission #RefineryIndustry #PlasticsIndustry #CrudeOilPrices #MiddleEastWar #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=114578
Refiners, Plastics Makers Ink Win-Win Deals to Ease Burden Amid Middle East War
South Korea's Fair Trade Commission brokers win-win agreements between refiners and plastics makers to ease burden from Middle East war-driven crude oil price surge, with refiners switching to mixed sales and plastics industry adjusting supply prices to reflect raw material cost increases.
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