S. Korea Hits Record $855M In Antitrust Fines In 2012

Law360, New York (October 7, 2013, 6:48 PM EDT) -- South Korean's antitrust enforcer collected a record-breaking 916.2 billion won ($855 million) in fines in 2012, the agency reportedly told lawmakers Sunday.

The Korean Fair Trade Commission said it had more than doubled its 2011 total of 349.1 billion in a report filed with the country's National Assembly on Sunday, South Korea's Yonhap News Agency reported.

That total includes several major fines the watchdog handed down in 2012, including a 135.4 billion won penalty against four instant noodle makers accused of conspiring to raise prices and...
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