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On-going investigation into price fixing in air transportation sector results in more indictments

  • Rajah & Tann LLP
  • -
  • South Korea, USA
  • -
  • October 18 2010

On 26 August 2010, a grand jury in New York returned an indictment against two executives of Asiana Airlines Inc for the charge of price fixing with several other airlines of passenger fares between US and Korea

19 airlines were fined a record of 120 billion won in Korea

  • Rajah & Tann LLP
  • -
  • South Korea
  • -
  • July 5 2010

On 28 May 2010, the South Korean Fair Trade Commission ('KFTC') fined 19 airlines a combined 120 billion won (S$137,87 million) for unfair trading and issued warnings to two more airlines