Engineering Firm Fined $11m for Unfair Market Practices

Capt. John
  • Antitrust regulator has fined a French engineering company 12.5 billion won (US$11 million) for its unfair tie-in sales to South Korean shipbuilding clients.
  • The deals allowed the shipbuilders to use GTT’s LNG-related patents and know-how.
  • GTT also forced the shipbuilders to buy its engineering services as part of unfair market practices.

South Korea’s antitrust regulator has fined a French engineering company 12.5 billion won (US$11 million) for its unfair tie-in sales to South Korean...

https://mfame.guru/engineering-firm-fined-11m-for-unfair-market-practices/

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