2) Appeal and the KFTC’s Administrative Adjudication
In protest of the KFTC’s decision, Showa Denko filed a lawsuit against the
KFTC in the Seoul High Court while the remaining five manufacturers filed
appeals with the KFTC. The KFTC decided to reduce only the surcharges
imposed on Nippon Carbon and dismissed all the other appeals. After full
cooperation with the KFTC’s investigation, the surcharges of UCAR
International and Nippon Carbon were substantially reduced and both