Hyundai Fined $67M For Breaking Fair Trade Laws

Law360, New York (September 7, 2007, 12:00 AM EDT) -- South Korea's antitrust regulator has fined Hyundai Motor Co. and four of its affiliates more than 63 billion won ($67 million) for alleged violations of fair trade laws.

The Korea Fair Trade Commission said Thursday that Hyundai, Kia Motors Corp., Hyundai Mobis Co., Glovis Co. and Hyundai Steel Co. broke fair trade laws by financially supporting other affiliates, Dow Jones reported.

The news comes months after regulators took similar action against the auto maker and on the same day that a judge decided not to imprison...
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