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South Korea fines paper producers over cartel, imposes price-redetermination order

By Jenny Lee ( April 23, 2026, 04:28 GMT | Insight) -- South Korea's paper industry has been handed one of the country's largest cartel penalties after competition authorities found producers colluded for years to raise the price of printing paper, a key input used across publishing and printing. The Korea Fair Trade Commission said Thursday Hansol Paper, Moorim P&P, Moorim Paper, Moorim SP, Hankuk Paper and Hongwon Paper agreed on the timing and scale of price increases for printing paper products for nearly four years, fining the six producers a combined 338.3 billion won ($228.7 million), issuing an independent price re-determination order and referring two of them to prosecutors.South Korea's paper industry has been handed one of the country's largest cartel penalties after competition authorities found producers colluded for years to raise the price of printing paper, a key input used across publishing and printing....

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