After months of pressure and protests from the government and trade associations, Korea Fair Trade Commission (KFTC) said today (18 January) that it will impose a US$80.7 million fine on 23 liner operators for colluding to fix freight rates on the South Korea-Southeast Asia route over a 15-year period.
The trouble began in July 2018, when the antitrust body received complaints from timber importers, who became suspicious when almost all liner operators simultaneously raised freight charges for...
https://container-news.com/liner-operators-hit-with-us81-million-by-south-korean-antitrust-body/