OTTAWA (Reuters) - South Korean flag carrier Korean Air (003490.KS) has pleaded guilty to involvement in an air cargo price-fixing cartel on certain routes from Canada between April 2002 and February 2006, Canada’s competition watchdog said on Thursday.
The Competition Bureau imposed a C$5.5 million ($5.46 million) fine on the airline, the seventh to be convicted in the scheme, which the bureau continues to investigate.
“The bureau is committed to pursuing those who engage in anti-competitive behavior that harms Canadian businesses and consumers,” Melanie Aitken, the commissioner of competition, said in a statement.
The bureau has imposed fines so far totaling C$22.6 million.
Reporting By Louise Egan; Editing by Peter Galloway