House search at Hankook due to “unfair trading between affiliated companies”

After South Korean antitrust authorities fined Hankook Tire & Technology and mold maker Hankook Precision Works, also owned by the Hankook & Company holding company, the investigating authorities have now carried out a house search at Hankook Tire and its headquarters earlier this month. of technology in Seoul. According to South Korean media, this morning’s search was also linked to the alleged “unfair trade between affiliated companies” of which Hankook was accused. Authorities confiscated “relevant documents” during the search, which also included President Cho Hyun-Bum’s office. ab