Successful Use of KFTC’s Leniency and Amnesty Plus Programs in Conveyor Belt Cartel Case
2017. 12. 21
On July 21, 2017, the KFTC announced its decision on this cartel case, which involved both price-fixing and bid-rigging, by imposing a total administrative surcharge of KRW 37.8 Billion (about USD 34 Million) on certain conveyor belt manufacturers while also referring some of them to the Korean Prosecutor’s Office for criminal prosecution.
This cartel case was the first cartel case heard by the new KFTC Chairman, Sang-jo Kim.
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