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Company: Kolon Industries Inc.
Current Parent Company:
Kolon Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $360,000,000
Year: 2015
Date: April 30, 2015
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Kolon Industries Inc., a South Korean industrial company, pled guilty to conspiracy to steal trade secrets involving E.I. DuPont de Nemours & Co.'s Kevlar technology. The company was sentenced to pay $85 million in criminal fines and $275 million in restitution.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data:
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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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