Price-fixers hit by fines

Kovac, Matt
February 2007
ICIS Chemical Business;2/26/2007, Vol. 2 Issue 55, p13
Trade Publication
The article reports on the fines handed by the South Korean Fair Trade Commission to ten South Korean petrochemical producers for price-fixing in plastics and synthetic resins, according to local media reports. The companies were found to have been colluding on prices for products such as propylene and high density polyethylene between April 1994 and April 2005. According to reports, the Commission has referred SK Corp, LG Chem, Hyosung Corp and Daelim Industrial to prosecutors.


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