The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    4 Chinese, 4 Russian military planes enter Korea's air defense zone without notice

  • 3

    14 injured as escalator reverses at Sunae Station in Bundang

  • 5

    Korean food's global popularity leads to copycat products in China, Japan

  • 7

    'Dynamite' tops 1.7 bil. YouTube views to become most-watched BTS MV

  • 9

    Heart transplant recipients tie the knot

  • 11

    Samsung family takes out stock loans to pay inheritance tax

  • 13

    Experts skeptical about effectiveness of S. Korea's UNSC seat to rein in NK

  • 15

    International Yoga Day to celebrate well-being of body, mind

  • 17

    S. Korea wins seat on UN Security Council for 2024-25

  • 19

    Saudi mega-city project NEOM secures $5.6 bil. for workforce housing

  • 2

    Asiana Airlines pilots union to initiate mass flight delays

  • 4

    'The Second Husband' co-stars to the tie knot, expecting child in real life

  • 6

    Egyptian national arrested for possession of cannabis cookie

  • 8

    ROK-US alliance is now nuclear-based: President Yoon

  • 10

    Presidential office's plan to revamp TV viewing fees causes stir

  • 12

    JYP founder to work as guest commentator for NBA finals on Korean cable

  • 14

    Seoul Queer Culture Festival venue moved to Euljiro

  • 16

    Incheon announces plans to become hub for overseas Koreans

  • 18

    BTS lifts veil on upcoming 10th anniversary event

  • 20

    Controversy grows as fisheries ministry stresses safety of seafood, salt, beaches

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
Thu, June 8, 2023 | 23:49
Manufacturing
Korean companies to plead guilty to rigging fuel prices at US military bases
Posted : 2018-11-15 10:15
Updated : 2018-11-15 17:30
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
U.S. Department of Justice antitrust chief Makan Delrahim says SK Energy, GS Caltex and Hanjin Transportation have agreed to plead guilty to conspiring to rig fuel prices at U.S. military bases in Korea. AP
U.S. Department of Justice antitrust chief Makan Delrahim says SK Energy, GS Caltex and Hanjin Transportation have agreed to plead guilty to conspiring to rig fuel prices at U.S. military bases in Korea. AP

By Jung Min-ho

Three Korean companies will plead guilty to conspiring to rig fuel prices at U.S. military bases in Korea, the U.S. Department of Justice said Thursday (KST).

SK Energy, GS Caltex and Hanjin Transportation will pay $236 million in criminal and civil penalties for their role in a conspiracy to fix the price of fuel between 2005 and 2016.

Makan Delrahim, head of the department's antitrust division, said there may be other co-conspirators and investigators will dig deeper into the case.

S-Oil, Hyundai Oilbank plead guilty to overcharging US military
S-Oil, Hyundai Oilbank plead guilty to overcharging US military
2019-03-21 13:38  |  Companies
Two more refiners under US antitrust probe
2018-11-15 17:07  |  Companies

U.S. Department of Justice antitrust chief Makan Delrahim says SK Energy, GS Caltex and Hanjin Transportation have agreed to plead guilty to conspiring to rig fuel prices at U.S. military bases in Korea. AP
The main entrance to the United States Forces Korea's Camp Casey / Korea Times file

"These charges are the first to be announced in this investigation into bid rigging and price fixing of fuel supply services to the Department of Defense in this critical region," Delrahim said. "As a result of the anti-competitive agreement, the U.S. Department of Defense paid substantially more for fuel supply services than it would have absent the collusion."

The petroleum and refinery companies and their agents tried to suppress competition during the bidding process for U.S. military fuel contracts, according to the department.

Delrahim refused to disclose the exact amount of money the U.S. military lost in the rigging, but said the civil penalties against the companies were more than they had overcharged.

The three will pay some $82 million in criminal fines. Separately, they will pay about $154 million over civil charges brought against them.

The U.S. stations about 28,000 troops here to deter North Korean aggression, after the Korean War ended in 1953 without a peace treaty.



Emailmj6c2@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
Top 10 Stories
1Heart transplant recipients tie the knot Heart transplant recipients tie the knot
2Experts skeptical about effectiveness of S. Korea's UNSC seat to rein in NK Experts skeptical about effectiveness of S. Korea's UNSC seat to rein in NK
3Seoul Queer Culture Festival venue moved to Euljiro Seoul Queer Culture Festival venue moved to Euljiro
4Korea, Poland celebrate rollout of Warsaw's first FA-50 Korea, Poland celebrate rollout of Warsaw's first FA-50
5Samsung to unveil new foldable phones at Galaxy Unpacked in Seoul Samsung to unveil new foldable phones at Galaxy Unpacked in Seoul
6Yido bridges East, West via fusion cuisine in crafted ceramics Yido bridges East, West via fusion cuisine in crafted ceramics
7Coupang, Baemin under pressure from radical labor groups Coupang, Baemin under pressure from radical labor groups
8Rise in temperatures, solar radiation by 2100 inevitable: weather agency Rise in temperatures, solar radiation by 2100 inevitable: weather agency
9Umbrella union boycotts negotiating body to protest labor crackdown Umbrella union boycotts negotiating body to protest labor crackdown
10Tax on domestic cars to be lowered in July Tax on domestic cars to be lowered in July
Top 5 Entertainment News
1Frieze Seoul unveils stronger lineup of Asian galleries for its second edition Frieze Seoul unveils stronger lineup of Asian galleries for its second edition
2'Leaving Las Vegas' director Mike Figgis puts Korea in spotlight in new film 'Leaving Las Vegas' director Mike Figgis puts Korea in spotlight in new film
3Netflix's new original 'Bloodhounds' to deliver cathartic action Netflix's new original 'Bloodhounds' to deliver cathartic action
4White Cube to open space in Seoul White Cube to open space in Seoul
5Music festival brings attention to DMZ Music festival brings attention to DMZ
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group