Independent journal on economy and transport policy
07:18 GMT+1
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the South Korean Authority Antitrust fine nine companies of navigation that transport car
They are the accused of being itself shared the market
August 21, 2017
The Fair Trade Commission (FTC) of South Korea has fined for total 43,0 billion won (38 million dollars) nine companies of navigation that realize services for the marine transport of motors vehicle.
Draft of the Japanese companies Eastern Car Liner (fine of 266 million won), Kawasaki Kisen Kaisha ("K" Linens) (fine of 12,8 billion won), Mitsui O.S.K. Lines (MOL) (16,9 billion won), Nippon Yusen Kabushiki Kaisha (NYK) (4,9 billion won) and Nissan Motor Car Carrier Co. (NMCC) (1,2 billion won), of the Norwegian Wallenius Wilhelmsen Logistics (WWL) (4,1 billion won) of the Chilean South American Compañía de Vapores (CSAV) (685 million won), of Israeli ZIM (122 million won) and of the South Korean companion Eukor Car Carriers (2,0 billion won). To the tenth company involved in the investigation, the Norwegian Höegh Autoliners, is not inflicted some endorsement.
These carriers that are accused to have agreed the terms of the offers for the transport of motors vehicle in occasion of contests realized from various automotive houses, between which General Motors, Renault Samsung Motors Co. , Fiat, Volvo, BMW, Daimler, Volkswagen, Porsche, Audi, Ford, Chrysler, Hino and Toyota. Such cooperation would be put into effect between August 2002 and september 2012 with the scope to share the activity of transport of motor vehicles from and for South Korea and avoiding to set itself in competition. Moreover between 2008 and 2011 companies NYK and ZIM would have been come to an agreement in order on behalf to share the activity of transport of car between South Korea and Israel of the automotive house Hyundai Motor Co.
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The Fair Trade Commission (FTC) of South Korea has fined for total 43,0 billion won (38 million dollars) nine companies of navigation that realize services for the marine transport of motors vehicle.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
