Korean Airlines and Asiana Airlines will be subject to fines of KRW10.4 billion ($9.2 million) and KRW640 million respectively for engaging in anticompetitive practices to hurt smaller Korean carriers, South Korea's Fair Trade Commission announced yesterday. The announcement came just days after the Australian Competition and Consumer Commission charged KE with air cargo price fixing. The formal penalty notices to the airlines from FTC are still forthcoming, but it issued a statement to ...

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