The Korean Appellate Court prevents the worst-case scenario where no sanction is imposed on both price-fixers in the flat glass industry by siding with the Korean Fair Trade Commission (Han-Kuk Glass Industry and Kum-Kang Corea Chemical)

Case Summary The Korean Fair Trade Commission (“KFTC”) imposed fines on cartels in the flat glass industry in June of 2013 for violation of Article 19 of the Monopoly Regulation and Fair Trade Act of Korea. [1]] Han-Kuk Glass Industry (“HGI”) and Kum-Kang Corea Chemical (“KCC”) had participated in price-fixing for over two years. HGI and KCC had controlled over 80% of the flat glass market in Korea. Illicit communications had been made by the conspirators through secret phone lines and in-person meetings to leave minimal evidences behind. Further, the two cartelists did not raise prices simultaneously, to circumvent unwanted attention from the KFTC. From November

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  • Bae Kim & Lee

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Nam Woo Kim, The Korean Appellate Court prevents the worst-case scenario where no sanction is imposed on both price-fixers in the flat glass industry by siding with the Korean Fair Trade Commission (Han-Kuk Glass Industry and Kum-Kang Corea Chemical), 10 June 2013, e-Competitions Bulletin June 2013, Art. N° 53122

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