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CJ CGV inter-affiliate trading fine upheld by Seoul court

( October 27, 2017, 07:22 GMT | Official Statement) -- MLex Summary: The Seoul High Court has ruled that sanctions imposed on CJ CGV by the Korea Fair Trade Commission for unfair inter-affiliate trading are reasonable. In September 2016, the company received a corrective order and fines of 7.2 billion won ($6.3 million) for providing work unfairly to JS Communication, which is owned by Lee Jae-hwan, a brother of the president of CJ Group.(Summary continues)...

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