{"id":2395,"date":"2017-08-21T23:06:35","date_gmt":"2017-08-21T16:06:35","guid":{"rendered":"http:\/\/www.vtrlogistics.com.vn\/?p=2395"},"modified":"2017-08-21T23:06:35","modified_gmt":"2017-08-21T16:06:35","slug":"mol-nyk-others-breach-south-korean-antitrust-law","status":"publish","type":"post","link":"https:\/\/www.vtrlogistics.com.vn\/?p=2395&lang=en","title":{"rendered":"MOL, NYK, OTHERS BREACH SOUTH KOREAN ANTITRUST LAW"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Japanese shipping company Mitsui O.S.K Lines (MOL) has been found guilty of violating South Korean antitrust law with respect to car carrier services.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Following an investigation, the Fair Trade Commission of South Korea (KFTC) announced on August 21, 2017 (South Korea time) that several companies including MOL breached the country\u2019s antitrust law.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2396\" src=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/08\/MOL.jpg\" alt=\"\" width=\"605\" height=\"456\" srcset=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/08\/MOL.jpg 605w, https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/08\/MOL-300x226.jpg 300w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><\/p>\n<p><span style=\"color: #000000;\">Commenting on the ruling, MOL said that it has fully cooperated with the KFTC during the investigation.<\/span><\/p>\n<p><span style=\"color: #000000;\"><em>\u201cThough the KFTC announced that they found the violation of South Korean antitrust law and imposed a fine, MOL and its subsidiary company, Nissan Motor Car Carrier Co., Ltd. (NMCC) were exempted from all penalty including the fine because KFTC granted MOL\u2019s and NMCC\u2019s joint application under the KFTCs leniency program,\u201d<\/em> the company said in a statement.<\/span><\/p>\n<p><span style=\"color: #000000;\"><em>\u201cWe are taking the KFTC\u2019s announcement very seriously. We are making our best efforts to prevent any recurrence of such issues, to further enhance MOL\u2019s compliance structure, and to regain public confidence<\/em>,\u201d MOL added.<\/span><\/p>\n<p><span style=\"color: #000000;\">Other rival companies named by the KFTC are MOL\u2019s Japanese counterparts Nippon Yusen Kabushiki Kaisha (NYK) and K Line, followed by EUKOR, CSAV, ZIM, Hoegh,\u00a0Wallenius Wilhelmsen Logistics (WWL), Eastern Car Liner (ECL) and an unnamed non-vessel-owning carrier.<\/span><\/p>\n<p><span style=\"color: #000000;\">According to the regulatory body, a total of KRW 43 billion-worth (USD 37 million) of fines will be imposed on the car carriers for colluding on price-fixing and market sharing manipulations<\/span><\/p>\n<p><span style=\"color: #000000;\">Source:\u00a0<a href=\"http:\/\/worldmaritimenews.com\/archives\/227750\/mol-nyk-others-breach-south-korean-antitrust-law\/\"><em>http:\/\/worldmaritimenews.com<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese shipping company Mitsui O.S.K Lines (MOL) has been found guilty of violating South Korean antitrust law with respect to car carrier services. Following an investigation, the Fair Trade Commission of South Korea (KFTC) announced on August 21, 2017 (South Korea time) that several companies including MOL breached the country\u2019s antitrust law. Commenting on the &hellip;<\/p>\n","protected":false},"author":2,"featured_media":1811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,75],"tags":[1661,1663,1665,1667,1669,866,862,250],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/2395"}],"collection":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2395"}],"version-history":[{"count":2,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/2395\/revisions"}],"predecessor-version":[{"id":2398,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/2395\/revisions\/2398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/media\/1811"}],"wp:attachment":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}