We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

South Korea Fines Light Oil Producers $5M

Law360 (February 22, 2007, 12:00 AM EST) -- The antitrust regulator of South Korea fined the country’s top four domestic refiners this week, alleging they colluded to fix the prices of light oil products in 2004.

SK Corp., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Corp. allegedly fixed the prices of light oil products including diesel, gasoline and kerosene between April 1 and June 10, 2004, Dow Jones reported the South Korea Fair Trade Commission said Thursday.

The companies, which account for more than 90% of the South Korean market for light oil...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.