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Hanjin

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  1. 2020

    South Korea FTC fines logistics firms over POSCO contract collusion

    South Korea’s Fair Trade Commission imposed a combined 46.04 billion won in fines on seven logistics firms, including CJ Logistics, for colluding on logistics contracts assigned by POSCO from 2001 to 2018. The FTC said the firms selected winning bidders before bidding began; CJ Logistics was fined 9.46 billion won.