Korean Air Pays $5.5M In Canadian Cargo Price-Fixing Probe

Law360, New York (July 19, 2012, 2:54 PM EDT) -- Korean Air Lines Co. Ltd. will pay $5.5 million in fines after pleading guilty to Canadian allegations that the carrier participated in a cartel to fix prices for air cargo, the country's antitrust regulator said Thursday.

Canada's Competition Bureau said Korean Air was the seventh company to cop to a role in the conspiracy between 2002 and 2006 to inflate fuel and security surcharges, which has resulted in $22 million in total fines.

"The Bureau is committed to pursuing those who engage in anti-competitive behavior that...
To view the full article, register now.