Ex-Asiana Execs Charged With Airfare Price-Fixing

Law360, New York (August 27, 2010, 11:35 AM EDT) -- Two former Asiana Airlines Inc. executives have been indicted on allegations they fixed passenger airfare prices on trans-Pacific flights.

A grand jury returned the one-count indictment Thursday in the U.S. District Court for the Eastern District of New York, alleging that Joo Ahn Kang and Chung Sik Kwak conspired to eliminate competition by fixing passenger fares on flights from airports between the U.S. and South Korea.

The two executives were both former vice presidents at Asiana's Los Angeles office, and Kang was president of the Korean...
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