Daehan Steel Receives 34.6 Billion KRW Fine from Fair Trade Commission

[Asia Economy Reporter Han Jinju] Daehan Steel announced on the 20th that it has been fined 34.655 billion KRW by the Fair Trade Commission for violating the Monopoly Regulation and Fair Trade Act by colluding on prices with competitors.

The company stated, "We plan to file an objection to the Fair Trade Commission regarding the amount of the fine, and the amount may change depending on the outcome."