Hanil Cement
South Korean cement company
From Wikipedia, the free encyclopedia
Hanil Cement Co, Ltd. Korean: 한일시멘트(Hanja: 韓一-) is a cement, concrete and chemical company headquartered in Seoul, Korea, established in 1961. It produces portland cement products and cement under the brand Remital.
 | |
| Company type | Public |
|---|---|
| KRX: 300720 | |
| Industry | Cement |
| Founded | 1961 |
| Headquarters | , |
Area served | Worldwide |
Key people | Ki Ho Hur (Chairman) |
| Products | Cement |
| Revenue | Won 1,377,334 million (2015) |
| Won 120,632 million (2015) | |
| Won 64,884 million (2011) | |
| Website | www |
History
Acquisition of Hyundai Cement
Price Fixing
South Korea's Fair Trade Commission (FTC) fined Hanil Cement with 44.6 billion won which has colluded to rig the prices of cement products by controlling output and market share in 2011.[5]
Price Manipulation Investigation
In July 2020, the special judicial police squad of the Financial Supervisory Service (FSS) of South Korea raided the headquarters of Hanil Cement and the house of Huh Gi-ho, co-chief executive of Hanil Holdings Co. The FSS charged that for the merger of Hanil Holdings' daughter company, HLK Holdings and Hanil Cement,[6] Hanil Holdings and Mr. Huh Gi-ho leveraged insider information to manipulate the stock prices in order to gain the greater control of the combined company.[7]
