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South Korea's top court upholds $5.6 million antitrust fine against Korean Re

By Wooyoung Lee ( July 7, 2025, 08:47 GMT | Insight) -- An antitrust fine against Korean Reinsurance, a South Korean reinsurance company, has been upheld by the country's Supreme Court, which overturned an appellate court ruling that had cancelled the penalty. The Supreme Court sided with the 7.8 billion won ($5.6 million) fine imposed by the Korea Fair Trade Commission in 2018 against the company. The fine centered on Korean Re’s practice of making local insurers cede all excess risk solely to Korean Re, using an exclusive provision and other means.An antitrust fine against Korean Reinsurance, a South Korean reinsurance company, has been upheld by the country's Supreme Court, which overturned an appellate court ruling that had cancelled the penalty....

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