South Korea ordered two Japanese air carriers to pay a total of about $4.8 million in fines for violating South Korea's anti-trust law in their international cargo operations.
All Nippon Airways and Japan Airlines confirmed the Korean Fair Trade Commission ordered ANA to pay about $1.4 million and JAL to pay approximately $3.4 million.
By The Numbers: Asia-Pacific Airlines' Freight Traffic.
KFTC has been investigating ANA and JAL and other airlines since October last year on suspicion of forming an international air cargo price-fixing cartel for flights between Japan and South Korea.
"ANA intends to carefully consider the details of the notice (from KFTC) and give an appropriate response through its legal representative," the carrier said in a statement.
ANA and JAL have both said previously that if they are dissatisfied with KFTC's final decision on the anti-trust case, they will be able to file appeals against it with a South Korean court.
-- Contact Hisane Masaki at firstname.lastname@example.org.