Korean companies to plead guilty to rigging fuel prices at US military bases
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. APBy Jung Min-hoThree 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.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
