ID :
36814
Sun, 12/21/2008 - 18:17
Auther :
Shortlink :
http://m.oananews.org//node/36814
The shortlink copeid
Four Asian paper exporters fined for price manipulation
SEOUL, Dec. 21 (Yonhap) -- South Korea's anti-trust watchdog said Sunday that it has fined four Asian paper exporters a combined 4 billion won (US$3.1 million) for their involvement in price rigging.
APP of Indonesia, APRIL of Singapore, AA of Thailand and UPM of China colluded in
setting prices for copying paper exported to South Korea for three years since
February 2001, the Fair Trade Commission said in a statement.
Through the price manipulation, the four companies boosted their shares in South
Korea's copying paper market from a combined 26.8 percent in 2002 to 56.5 percent
at the end of 2004, the watchdog said.
kokobj@yna.co.kr
(END)
APP of Indonesia, APRIL of Singapore, AA of Thailand and UPM of China colluded in
setting prices for copying paper exported to South Korea for three years since
February 2001, the Fair Trade Commission said in a statement.
Through the price manipulation, the four companies boosted their shares in South
Korea's copying paper market from a combined 26.8 percent in 2002 to 56.5 percent
at the end of 2004, the watchdog said.
kokobj@yna.co.kr
(END)
