FTC begins deliberations on lubricant makers' price-fixing case (opens original article in a new tab)

South Korea's Fair Trade Commission has started deliberations on 10 lubricant makers accused of price-fixing, following an investigation that found they fixed prices from 2018 to 2024, affecting 2.02 trillion won in sales.

• FTC begins deliberations on 10 local lubricant makers for price-fixing allegations
• Investigation found companies fixed prices from 2018 to 2024 affecting 2.02 trillion won in sales
• Companies colluded to raise prices during periods of increased raw material costs