According to the latest report from Yonhap News Agency, South Korea's antitrust regulator said it had decided to impose a fine of about 8 billion won (about 43 million yuan) on Hankook Tire Technology Co., Ltd. and its tire mold manufacturing department. From 2014 to 2017, Hankook Tire continued to buy high-priced tire molds from its subsidiary Hankook Precision Factory Co., Ltd., helping it form a "monopoly" position in the market, the regulator said. Hankook Precision's operating margin soared from 13.8 percent to 32.5 percent during the period. In 2017, the local tire mold market share reached 55.8%, much higher than 43.1% in 2014. The regulator also said Hankook Tire chief Cho Hyun-beom and his olderbrother Cho Hyun-sik received a total of 10.8 billion won in dividends from the tire mold maker between 2016 and 2017. The regulator plans to fine Hankook Tire 4.8 billion won and Hankook Precision 3.19 billion won.