KOREA: Antitrust regulators hit Korean, Asiana

Korean Airlines and Asiana Airlines will be subject to fines of KRW10.4 billion (US$9.2 million) and KRW640 million respectively for engaging in anticompetitive practices to hurt smaller Korean carriers, South Korea’s Fair Trade Commission announced last month. The announcement came just days after the Australian Competition and Consumer Commission charged Korean Air with air cargo […]


Korean Airlines and Asiana Airlines will be subject to fines of KRW10.4 billion (US$9.2 million) and KRW640 million respectively for engaging in anticompetitive practices to hurt smaller Korean carriers, South Korea’s Fair Trade Commission announced last month.

The announcement came just days after the Australian Competition and Consumer Commission charged Korean Air with air cargo price fixing. In what is now a familiar charge, Australian authorities allege Korean Air entered “into arrangements or understandings with other international air cargo carriers that had the purpose or effect of fixing the price of a fuel surcharge, a security surcharge and a customs fee that were applied to air cargo” between 2001 and 2006, ACCC said, adding that “the arrangements or understandings were reached in Korea, Indonesia and Hong Kong for surcharges applied to cargo originating in those countries and in Indonesia for a customs fee applied to cargo originating in that country.”