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).

Read more here.

600450 Two major plate glass makers fined for rigging prices

See more news about:

Others also read

The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
Jim Rawson, chairman of Epwin Group was awarded the Derek Bonnard Award for Excellence at the G13 Awards, held at the prestigious Park Lane Hilton, London on November 29th.
We would like to express our sincere thanks to GlassOnWeb visitors, friends, members and supporters.Thank you all so much for being a part of it!Warmest thoughts and the best wishes for Merry Christmas and a New Year filled with peace, love, joy and lasting happiness.
Coverings ETC’s Bio-Glass in “Topaz Blue” designed by Ofer Mizrahi was bestowed the Interior Innovation Award-Winner 2013, the prestigious international design award of the German Design Council.

Add new comment