Two major plate glass makers fined for rigging prices

South Korea's antitrust watchdog said Monday that it has fined two major domestic plate glass makers a combined 38.42 billion won (US$34.24 million) for colluding on product prices.

Subject to the fines are KCC Corp. and Hanglas, which account for about 80 percent of the country's plate glass market.They were ordered to pay 22.45 billion won and 15.97 billion won, respectively, according to the Fair Trade Commission (FTC).

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