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AA among 4 Asean exporters fined for price manipulation
South Korea's anti-trust watchdog said Sunday that it has fined four Asian paper exporters a combined 4 billion won (US$3.1 million) for their involvement in price rigging, Korea's news agency Yonhap reported.
APP of Indonesia, APRIL of Singapore, Advance Agro (AA) of Thailand and UPM of China colluded in setting prices for copy paper exported to South Korea for three years since February 2001, the Fair Trade Commission said in a statement.
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