Antitrust Antitrust

South Korean steel-shot producers hit with penalties over abrasive-blasting media collusion

By Jenny Lee
  • 22 Sep 2022 04:50
  • 22 Sep 2022 04:50
Three South Korean steel-shot companies have been fined a total of 1.38 billion won (about $980,000) and have been issued with corrective orders by the country’s antitrust regulator for engaging in price-fixing and collusion.
In a statement today, the Korea Fair Trade Commission, or KFTC, said between July 2017 and

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Jenny Lee

Correspondent


Jenny joined MLex’s Seoul bureau in 2021 as a correspondent focusing on competition law and data privacy and security. Jenny received a Master’s degree from Northwestern University’s renowned Medill School of Journalism and worked for a number of news organizations in the US, including the Associated Press Television News, McClatchy and Voice of America, where she worked for almost three years in Washington DC. She returned to her native South Korea in 2019 as a reporter for Wired Korea.

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