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Violation Tracker Individual Record

Company: SK Energy Co. Ltd.
Current Parent Company: SK Holdings
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $90,384,872
Year: 2018
Date: November 14, 2018
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: False Claims Act and related
Mega-Scandal: Price Fixing
Violation Description: South Korea-based companies SK Energy Co. Ltd., GS Caltex Corporation, and Hanjin Transportation Co. Ltd. agreed to pay a total of $154 million to resolve civil antitrust and False Claims Act allegations relating to a decade-long bid-rigging conspiracy that targeted contracts to supply fuel to United States Army, Navy, Marine Corps, and Air Force bases in South Korea. They separately settled related criminal charges.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: civil
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: semiconductors
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.