POSCO - judgment and appeal

摘要

The activities of the Korean re-rollers remains a contentious issue, which came to a head when Hysco displaced POSCO as main supplier of CR and coated coil to Hyundai Motors. The integrated producer reportedly cut off supplies of re-roll HR coil to Hysco, which led the re-roller to start an action against monopoly abuse with the national Fair Trade Commission (FTC). In its judgment handed down on March 29 the FTC imposed a fine of w1,640.2m (US