KFTC Hits Asian Paper Makers With $3.1M Cartel Fine
The competition authority also hit Indonesia's Indah Kiat Pulp & Paper, Singapore's APRIL Fine Paper Trading Pte. Ltd., Thailand's Advance Paper Company Ltd. and China's UPM-Kymmene Changshu Paper Industry Co. Ltd. with a corrective order for the alleged three-year-long cartel, the KFTC said Dec. 22.
The four manufacturers agreed to fix...
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