Empresas sul-coreanas fazem uma mini-OPEP.
The Fair Trade Commission yesterday fined 10 local petrochemical companies a total of 105.1 billion won ($111.6 million) for fixing prices of plastic materials over more than 10 years. The agency also reported five among them, including the top oil refiner SK Corp., to prosecutors.
According to the antitrust agency, the companies met monthly from 1994 to 2005 to prearrange the prices of polypropylene, used to make food packaging and textiles, and high-density polyethylene, used in plastic bags and containers.
“The companies, in general, had posted operating losses in the early 1990s before the cartel. But since 1994 they have posted operating profits, except for the 1997-98 financial crisis,” said Jeong Jae-chan, head of the antitrust agency’s cartel bureau.
Lá vamos nós para a política antitruste novamente. Note, como sempre, que poder de monopólio se relaciona com a extensão do tamanho do mercado e a definição deste é que é crucial nestes casos.