Shipping lines scoff at Seoul’s price-fixing fines – ‘they won’t hurt us’

The shipping lines hit by a collective $80.7m fine by the Korea Fair Trade Commission for price-fixing say it won’t have have a substantial impact on their operations or finances.
Wan Hai Lines spokesperson Laura Su said in a Taiwan Stock Exchange filing the company had not yet received notification from the authority.
She added: “The reported fine of around $9.6m has no significant impact on the company’s finance and business. We …

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Source: The Loadstar

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