LG Sues 12 Airlines for Price Fixing

      January 28, 2014 10:10

      Four subsidiaries of the LG Group have filed a lawsuit against 12 foreign and domestic carriers, claiming they suffered W404 million in losses from price fixing (US$1=W1,083). The targets include Korean Air, Asiana Airlines, Singapore Airlines and Air France.

      This is the first time an exporter has filed a compensation suit against carriers on charges of colluding to fix air fares.

      LG Electronics, LG Chem, LG Display and LG Life Sciences said Monday they filed the suit at the Seoul Central District Court. They allege they were forced to pay higher air fares because the carriers colluded to fix fuel surcharges.

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