Forwarders to sue airlines

Forwarders to sue airlines

: Latest News; Friday, 09 July 2010

Korean freight forwarders are to file a class-action lawsuit against airlines charged with price-fixing.

Lawyers said the forwarders will seek financial compensation for losses incurred because of the collusion.

In May, the country's Free Trade Commission imposed a fine of KRW120 billion on 21 airlines from 16 countries in the biggest cartel case it has handled.

Forwarders to sue airlines

: Latest News; Friday, 09 July 2010

Korean freight forwarders are to file a class-action lawsuit against airlines charged with price-fixing.

Lawyers said the forwarders will seek financial compensation for losses incurred because of the collusion.

In May, the country's Free Trade Commission imposed a fine of KRW120 billion on 21 airlines from 16 countries in the biggest cartel case it has handled.