Wednesday, July 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD Opteron 64-Bit ARM-Based Developer Kits Now Available
Samsung Galaxy Note 4 Coming On September 3
Google To Show Ratings to Search-Results Ads
Samsung And Apple See Their Smartphone Market Shares Plunging
Twitter Says Its User base Increased
Microsoft Details Windows Phone 8.1 Update, Brings Cortana To New Markets
Facebook to Shut Down Gifts Service
Netflix To Pay AT&T For Smooth Video Delivery
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 > Korean ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Sunday, December 11, 2011
Korean Antitrust Regulator Fines Four CRT Glass Producers


The Korea Fair Trade Commission (KFTC) imposed a total surcharge of 54,519 million won (about USD 48 million) on 4 cathode ray tube (CRT) Glass manufacturers for colluding to fix prices.

The KFTC found that 4 CRT Glass manufacturers - Samsung Corning Precision Materials Co., Ltd., Hankuk Electric Glass Co., Ltd., Nippon Electric Glass Co., Ltd., Nippon Electric Glass(Malaysia) Sdn. Bhd - agreed to fix prices and reduce output of CRT Glass, and implemented the agreement for almost 8 years from March 1999 to January 2007.

The KFTC found that the cartel conspiracies for CRT Glass seriously affected the Korean market.

The surcharges imposed for CRT Glass cartel are the following:

Samsung Corning Precision Materials Co., Ltd. - 32,452 million won
Hankuk Electric Glass Co., Ltd. - 18,318 million won
Nippon Electric Glass Co., Ltd. - 3,712 million won
Nippon Electric Glass (Malaysia) Sdn. Bhd. - 37 million won

According to KFTC, The CRT Glass producers agreed on fixing prices and reducing output of CRT Glass in the secret meetings which took place in various countries including Korea, Japan, and Singapore at least thirty five times for almost 8 years from March 1999 to January 2007.

In addition, they agreed on fixing prices of CRT Glass by setting the amount of price cut (or increase), allocating market shares by major customers such as Samsung SDI and curtailing production by shutting down CRT Glass production lines. And the CRT Glass manufacturers exchanged confidential business information such as CRT Glass sales, production, market shares to fulfill and monitor the implementation of their agreements.

KFTC's decision is the result of a joint investigation with foreign competition authorities including the European Commission in March 2009.


Previous
Next
Samsung Claims It Sells More Than 300 Million Mobiles in 2011        All News        EA Unveils Command And Conquer Generals 2
LG and Intel Collaborate on Intel WiDi     Consumer Electronics News      Pioneer Mixtrax Technology Automatically Mixes Music Library Tunes

Get RSS feed Easy Print E-Mail this Message

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 .