The Korean Fair Trade Commission has fined seven SK affiliates a combined 34.6 billion won (approximately $30.4 million) for unfairly propping up another affiliate. The fined affiliates, including SK Telecom and SK Innovation, paid 1.7 trillion won in service fees to SK C&C Co. between 2008 and June 2012. The fees–personnel expenses–were higher than the average for the market.
SK C&C and three individual executives were fined 290 million won for obstructing the FTC investigation.
Full content: Yonhap
Related content: Liability of a Parent for the Antitrust Violations of a Subsidiary Under Asian Antitrust Law
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