Sunday, February 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC: The Cat S61 Smartphone Measures Distances, Senses the Quality of Air
MWC: TCL Introduces Alcatel 5, 3 and 1 Smartphone Series, Android Oreo Smartphone and Tablets
IBM Researchers Talk About the Future of EUV at SPIE
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
First Affordable Android Go Smartphones Coming Next Week
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > South K...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 01, 2011
South Korea Fines LCD Makers For Price Fixing


South Korea's Fair Trade Comission (KFTC) has fined 10 flat panel makers in Taiwan and South Korea a total of 194 billion won (US$175 million) for price fixing.

Firms, including AU Optronics Corp and Chimei Innolux Corp from Taiwan, and Samsung Electronics and LG Display in South Korea colluded from 2001 to 2006 to control prices of panels for computers and televisions, the Korean Fair Trade Commission said.

The offenders also included Taiwanese and Japanese units of both Samsung Electronics and LG Display, as well as Taiwan?s Chunghwa Picture Tubes Ltd and HannStar Display Crop, KFTC added.

Officials from the firms involved held meetings over six years to agree on cutting or suspending production to prevent prices from falling and to exchange confidential information such as sales plans.

Samsung Electronics was slapped with the heaviest fine of 97.2 billion won, followed by 65.5 billion won for LG Display and its foreign affiliates.

Three years ago, major Asian LCD makers including LG were fined after a similar US probe. In December last year, the European Commission also fined six Asian makers of LCD screens a total of 649 million euros (US$860 million at the time) for operating for almost five years as a cartel.

Samsung, the world's largest LCD maker, reportedly said it respected the commission's decision and would abide by the free-trade law. LG, the second largest LCD maker, said it objected to the commission's decision and would appeal to the Seoul High Court.


Previous
Next
Fujifilm Releases FinePix REAL 3D V3 Digital Viewer        All News        Massive Cyber Attack Targets Chemical Companies
Fujifilm Releases FinePix REAL 3D V3 Digital Viewer     Consumer Electronics News      Third Quarter Home Entertainment Spending Rises

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Max Android Application Offering Mobile Data Saving Mode and Privacy
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
Samsung to Cut OLED Panel Production as iPhone X Demand Slows: report
Samsung Electronics Begins Mass Production of 30.72TB SSD
Samsung Notebook 9 Pen, Notebook 9 (2018) and Notebook 7 Spin (2018) Available February 18
ISSCC: Samsung Working on 7-nm EUV SRAM, Intel Details 10-nm SRAM
Samsung SDI Aims at Cobalt-free EV Batteries
Samsung Chairman Suspect in Tax Evasion Case
China Signs MoU With Samsung on Chip Making
Samsung Introduces The Wall Professional at ISE 2018
Samsung's Lee Freed From Prison

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .