Hankook Tire Co.’s affiliate in Shanghai has been fined in China for breaching anti-monopoly regulations in the country, the Korean Herald reports.
According to the newspaper Hankook’s affiliate has been fined nearly $334,000, roughly 1% of its annual sales.
Hankook Tire was found to have violated regulations regarding “minimum resale price maintenance” between 2012 and 2013, the paper adds.