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The Fair Trade Commission imposed a fine on Hanwha Solutions for unfair support to affiliates and filed a complaint with the prosecution. Hanwha said: “There is a mistake in calculating the price of the Fair Trade Commission” and “We will actively clarify that this is a legitimate transaction in future legal proceedings.”
Hanwha’s “legal settlement” opposition, administrative litigation
“Calculation error, separation of family relationships”
On the 8th, the FTC imposed a correction order and a KRW 15.6 billion fine for the act of unfairly supporting Hanwha Solutions, a freight forwarder, Han Express. Han Express, which received the support, was fined 7.2 billion won. Jeong Jin-wook, director of the business group of the Fair Trade Commission, said: “It is not an affiliate of a large corporate group, but it has damaged the Fair Trade order by directing the logistical work to the company. older sister”.
Following the FTC investigation, Hanwha Solutions entrusted Han Express with internal export containers from June 2008 to March 2019 under a private contract.
The Fair Trade Commission explained: “Hanwha Solutions paid 8.8 billion won to Han Express at” remarkably high transport costs “.” The FTC found that while executing a chemical tanker truck transportation transaction from January 2010 to September 2018, the FTC felt that it was unfairly supported by Han Express by leading its work. In this process, Han Express received more than 20% “tax toll” from related companies.
Hanwha refuted the Fair Trade Commission’s decision and announced an administrative lawsuit. There is said to have been an error in the process of calculating the “significantly high freight cost” proposed by the FTC as a basis for unfair support. A Hanwha Solutions official said: “Except for companies with similar unit transport prices to Han Express, only those with lower prices were used for comparison.” It misrepresented the nature of “he said.
Sejong = Reporter Seongbin Lim [email protected]
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