Regulator fines big conglomerates 100 bln won over past 3 years
SEJONG, Oct. 5 (Yonhap) -- South Korea's top 10 business conglomerates were fined some 100 billion won (US$85.5 million) over the past three years for unfair business practices, a report showed Monday.
In a parliamentary audit report, the Korea Fair Trade Commission (KFTC) said it fined the top 10 conglomerates, including Samsung and Hyundai Motor, 103.4 billion won between 2017 and 2019.
Hyundai Motor Group was slapped with the biggest fine of 87.8 billion won, the report showed.
The KFTC fined Hyundai Steel Co., the group's steelmaking unit, 67.4 billion won for price fixing.
LG Group was fined 4 billion won over the past three years, while SK Group was fined 3.2 billion won, according to the report.
(END)
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
'Dynamite' becomes 3rd BTS video to top 1 bln views
-
S. Korea, U.S. authorities assess N.K. has completed building new 3,000-ton submarine: sources
-
BTS to stream concerts in weekend Bang Bang Con event
-
BTS member Jimin's 'hanbok' suit up for auction
-
(Yonhap Feature) How young voters, once solid supporters of liberal causes, turned against Moon's party in by-elections
-
From Rose to Baekhyun, K-pop group idols also shine as solo acts
-
BTS enters Billboard Hot 100 with new Japanese single
-
BTS to stream concerts in weekend Bang Bang Con event
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
Drunk driver gets 8-yr prison term for hitting and killing Taiwanese student
-
(LEAD) New virus cases around 700 for 2nd day; further spike in offing
-
Prosecutors demand death penalty for adoptive mother in death of toddler