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Hanssem, Hyundai Livart among South Korean furniture giants challenging KFTC's bid-rigging sanctions

By Jenny Lee ( July 1, 2024, 04:33 GMT | Insight) -- South Korean furniture industry giants Hanssem and Hyundai Livart, along with other major players, have mounted legal challenges against recent sanctions imposed by the South Korean antitrust regulator for their involvement in a widespread bid-rigging scheme. MLex has learned the appeals, filed with the Seoul High Court over the past few months, contest the fines and/or corrective orders issued by the Korea Fair Trade Commission.South Korean furniture industry giants Hanssem and Hyundai Livart, along with other major players, have mounted legal challenges against recent sanctions imposed by the South Korean antitrust regulator for their involvement in a widespread bid-rigging scheme....

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