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Company: Korean Air Lines Co. Ltd.
Current Parent Company:
Hanjin Group
Parent at the Time of the Penalty Announcement:
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Penalty: $300,000,000
Year: 2007
Date: August 1, 2007
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: U.K.-based British Airways PLC and South Korean-based Korean Air Lines Co. Ltd. each agreed to plead guilty and pay separate $300 million criminal fines for their roles in conspiracies to fix the prices of passenger and cargo flights.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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