date:Jan 20, 2022
South Koreas antitrust watchdog yesterday fined 23 domestic and foreign shippers a combined 96.2 billion won (US$80.84 million) for price-fixing. Among these were three Taiwanese container shippers: Evergreen Marine Corp, Yang Ming Marine Transport Corp and Wan Hai Lines Ltd.
Korea Marine Transport Co and Sinokor Merchant Marine Co instigated the collusion by raising freight rates for routes between South Korea and Southeast Asia, China and Japan, and they were later joined by other foreign and