Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
SK Hynix Rejects Chinese Take-over Offer
New Huawei Mate 8 Smartphone Launched With Kirin 950 Inside
Samsung's New DDR4 with TSV Gives a Boost To Data Centers and Servers
New Raspberry Pi Zero Is A $5 Tiny Computer
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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.

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's New DDR4 with TSV Gives a Boost To Data Centers and Servers
Samsung Pay Adds Eight More Credit and Debit Card Issuers
UK High Court Rules Samsung and Huawei Infringe LTE Patent
Samsung Display Is Seeking OLED Growth Through Apple Deal
Samsung To Release Bio Processor Next Year
Samsung Officially Unveils The Exynos 8 Octa Application Processor
Samsung Prepares For Entry In Auto Technology
Samsung Electronics Takes The Lead in Smartphone Sales Worldwide
Samsung To Use Both Exynos 8890, Snapdragon 820 SoCs In Galaxy S7
Samsung Adds Two New Laptops to ATIV Line
Google Finds Security Holes In New Samsung Galaxy S6 Edge
Samsung Galaxy On5 and On7 Smartphones Showcased in India

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .