Printed from http://www.electronista.com

Korean FTC sues LCD makers over price fixing

updated 08:30 am EDT, Fri August 12, 2011

Korean FTC sues Taiwanese, Korean, Japan makers

The Korean Fair Trade Commission (KFTC) has sued several LCD panel makers over alleged price-fixing. The panel makers accused of anti-trust practices include Chimei Innolux, AU Optronics, Hannastar Display and Chunghwa Picture Tubes from Taiwan. Companies from Korea and Japan have also been accused of the same offences and include, Samsung, LG Display, as well as Sharp.

The KFTC has alleged that all the companies named have breached competitive practices and have colluded on setting prices to protect their profits at the expense of consumers.

The KFTC has not decided how much the fines will be at this stage, while the accused parties are also considering how they will respond to the allegations. [via Digitimes]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News