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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News