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South Korea Antitrust Fine
Misconduct Type: Antitrust
Enforcement Agency: International
Contracting Party: None
Court Type: N/A
Synopsis: South Korea’s Fair Trade Commission fined GlaxoSmithKline three billion won (approx. US$2.6 million) for conspiring with a Seoul rival over the sale of drugs. According to the South Korean government, Glaxo in 2000 offered Dong-A Pharmaceutical the exclusive right to sell its anti-nausea drug Zofran and an anti-viral medication called Valtrex; in return, Glaxo demanded that Dong-A stop selling a cheaper generic version of Zofran and not produce or sell any drugs that could compete against Zofran and Valtrex.
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