LPG Anti-trust Case
SK Gas Co. and SK Energy Co. (defendants of this case) and other four non-defendants LPG providers have been fixing the LPG price in collusion for six years from 2003 to 2008, and Fair Trade Commission charged penalties of 669 billion won on the six companies for the wrongdoings. Although the increase of LPG price at the international market ceased by December, 2007, LPG price in the domestic market was beyond reasonable level. Fair Trade Commission found out the reason of the high LPG price was due to the price fixing of the LPG providers as described below. From January 2003 to December 2008, the following methods were used: checking the other companies’ price in advance, discussing the price level or letting know the price level. LPG providers including the defendants also invented various competition avoidance methods in order to continue the highly fixed price. Accordingly, the purchasers of LPG from gas stations of the defendants brought this suit for compensation of damages resulted from those anti-trust activities of the defendants.