S.Korea’s FTC Assess The Punitive Actions Of Shipping Companies’ Price Rigging

  • S. Korea’s FTC reviews punitive actions against sea carriers for price rigging.
  • The FTC will convene a full session and decide on punishment level after the reviews.

South Korea’s antitrust watchdog has embarked on a process of taking punitive actions against sea shipping companies for price rigging, reports Maekyung.

Fair Trade Commission’s Notice

According to multiple industry sources on Monday, the Fair Trade Commission has recently notified major local shippers including Korea’s sea flag...

https://mfame.guru/s-koreas-ftc-assess-the-punitive-actions-of-shipping-companies-price-rigging/

Hyundai Heavy Industries To Complete the Acquisition of Rival DSME

  • Global shipbuilding behemoth Hyundai Heavy Industries Holdings Co. (HHIH) to complete the acquisition of smaller local rival DSME.
  • This acquisition process will be complete within the first half of this year.
  • The combination must obtain regulatory approval from six countries — South Korea, China, Kazakhstan, Japan, the European Union and Singapore.
  • As of January, China, Kazakhstan and Singapore have approved the combination.

According to a recent news article, Hyundai Heavy Industries Holdings...

https://mfame.guru/hyundai-heavy-industries-to-complete-the-acquisition-of-rival-dsme/

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