The Korean Fair Trade Commission has imposed a fine of KRW 96.23B on 23 carriers operating on the South Korea-Southeast Asia route. The decision and corrective order were announced on 18 January 2022 and pertains to price fixing allegations against the carriers on the SE Asia route between 2003 and 2018 through the IADA (Intra-Asia Discussion Agreement) and the Korea-Southeast Asian Shipping Association (Dongjeonghyeop). The FTC investigation found 120 cases of price setting conducted through a