Kim, Sonku; Lee, Inkwon; Ryu, Keunkwan; Yi, Sang-Seung - Institute of Economic Research, Hitotsubashi University - 2010
In October 2000, the Korean Fair Trade Commission levied a combined surcharge of 190 billion Korean won (roughly $170 million) against the five major oil refineries in Korea for colluding in the military oil procurement auctions between 1998 and 2000. At the time, it was a record surcharge ever...