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Company: Asiana Airlines, Inc.
Current Parent Company:
Korean Air Lines Co Ltd
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $21,000,000
Year: 2011
Date: July 15, 2011
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Asiana agreed to pay $21 million in cash and coupons to settle litigation involving price fixing of fares between the U.S. and South Korea.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:07cv5107
Case Name: Hyun Park et al v. Korean Air Lines Co., Ltd.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: airlines
Specific Industry of Current Parent: airlines
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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