South Korea joins the US in probe of container manufacturing giants

AI Summary

South Korea has joined the United States in investigating four major container manufacturers for antitrust violations, including allegations of price-fixing during the pandemic. The probe involves companies from Singapore and China, increasing regulatory scrutiny on the global shipping industry.

South Korea has opened an antitrust investigation into four of the world’s largest container manufacturers, expanding regulatory pressure on companies already facing criminal and civil proceedings in the United States over alleged price-fixing during the pandemic. The Korea Fair Trade Commission (KFTC) is investigating Singapore-based Singamas and Chinese manufacturers China International Marine Containers (CIMC), Dong …