Yonhap Infomax NewsSouth Korea's Fair Trade Commission fined five steelmakers, including Korea Steel Shapes Co., a total of 6.54 billion won ($480,000) for colluding to fix prices of galvanized steel wire and related products, raising prices up to 63.4% over five years.
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#YonhapInfomax #KoreaFairTradeCommission #KoreaSteelShapes #PriceFixing #GalvanizedSteelWire #AntitrustFine #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86498
'Price Fixing in Galvanized Steel Wire'—Korea Fair Trade Commission Sanctions Five Steelmakers Including Korea Steel Shapes Co.
South Korea's Fair Trade Commission fined five steelmakers, including Korea Steel Shapes Co., a total of 6.54 billion won ($480,000) for colluding to fix prices of galvanized steel wire and related products, raising prices up to 63.4% over five years.