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Hyundai Motor Group fined the most for unfair trade practices
By 최희석Published : Oct. 10, 2016 - 14:17
[THE INVESTOR] Hyundai Motor Group has been fined the most among South Korean conglomerates for breaking fair trade regulations since 2012, antitrust agency data showed on Oct. 9.
According to the Fair Trade Commission report obtained by Rep. Park Yong-jin of the main opposition Minjoo Party of Korea, Hyundai Motor Group has been fined more than 349.58 billion won (US$ 314.65 million) between 2012 and September this year.
Hyundai Motor Group was followed by Samsung Group and POSCO. During the same period, Samsung was fined about 283.22 billion won, while POSCO was fined 217.65 billion won.
In terms of number of violations, Lotte Group had the worst track record, having been found to have violated related regulations on 124 occasions.
By Choi He-suk (cheesuk@heraldcorp.com)
According to the Fair Trade Commission report obtained by Rep. Park Yong-jin of the main opposition Minjoo Party of Korea, Hyundai Motor Group has been fined more than 349.58 billion won (US$ 314.65 million) between 2012 and September this year.
Hyundai Motor Group was followed by Samsung Group and POSCO. During the same period, Samsung was fined about 283.22 billion won, while POSCO was fined 217.65 billion won.
In terms of number of violations, Lotte Group had the worst track record, having been found to have violated related regulations on 124 occasions.
By Choi He-suk (cheesuk@heraldcorp.com)
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