Thursday, July 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Discover New Smartphone Flaws
U.S. Government Issues Warning About Malicious Software
Hackers Can Use USB Devices in Attacks
Next Apple TV Release Delayed
CoD: Advanced Warfare Collector's Editions Announced
Lite-On IT Merged With Lite-On
AMD Introduces New Kaveri APUs for System Builders
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Q3 Sales and Profits Down despite Galaxy S5 launch
Samsung Galaxy Note 4 Coming On September 3
Samsung And Apple See Their Smartphone Market Shares Plunging
Samsung Introduces New Slim Optical Disc Burners
UHDTVs Boost LG Display Profit
Apple and Samsung Dominate Smartphones Sales
Samsung 'Level' Audio Portfolio Available In The U.S.
Samsung To Manufacture Qualcomm's Mobile Application Processors
Samsung Finds China Child Labor Evidence
Samsung, LG To Respond To iPhone 6 With New Models
Samsung Puts LTE Into The Die Of New Exynos SoC, Cancells Tizen Smartphone Launch Event
Samsung Launches Samsung GALAXY Apps Store

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .