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Global automakers under scrutiny by South Korean watchdog for alleged recycling cartel

By Jenny Lee ( February 16, 2024, 06:12 GMT | Insight) -- South Korea's competition watchdog is investigating as yet unnamed global car manufacturers for alleged recycling cartel activities, focusing on the use of recycled materials and vehicle recyclability at end-of-life, MLex has learned. Inspired by actions taken by EU counterparts, the Korea Fair Trade Commission is believed to be delving into the automotive industry's end-of-life vehicle practices.Several as yet unnamed leading global car manufacturers have found themselves in the crosshairs of the South Korean competition watchdog, facing serious allegations related to potential cartel activities in the vehicle-recycling realm, MLex has learned....

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