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South Korea cracks down on shipping cartel amid supply bottlenecks

Taiwan's Evergreen, Hong Kong's OOCL among those fined total $81m for price fixing

Containers are seen lined up at Pyeongtaek port in Pyeongtaek, South Korea. Authorities have levied fines for collusive pricing on 23 shipping companies. 

SEOUL -- South Korean antitrust authorities on Tuesday slapped 96.2 billion won ($81 million) in fines on 23 domestic and foreign shipping companies including Hyundai Merchant Marine and Taiwan's Evergreen Marine for price-fixing on multiple routes between South Korea and Southeast Asia over 15 years.

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